Without deposit insurance banks would not be able to inflate the money supply
Banks cannot inflate the money supply unless they have deposit insurance. It's only because of deposit insurance that the banks are able to inflate the money supply.
John Locke, Second Treatise of Government: "No body could think himself injured by the drinking of another man, though he took a good draught, who had a whole river of the same water left him to quench his thirst."
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