The ability of banks to inflate the money supply is a form of fascism

The reason banks are able to make risky loans is that their credit is guaranteed. The banks would be more prudent, and would hold full reserves if there is a market requirement for them to do so, as there would be in the absence of a deposit guarantee.

The government cannot be said to be different from the banks if banks cannot fail.

It is fascism when the government provides services because it is not the responsibility of the government to do this. The government is the authority which has a legal monopoly on justice, they are to be feared by criminals and perhaps those who do not pay their taxes, but nothing more than that. It is fascism when the government provides services because the money has been stolen, to pay for the services. The victim cannot refuse. The opinion of the victim is irrelevant. Fascism is when there is no ability to refuse the government, and we (the victim) are not a criminal, in the ordinary sense. There might be some justification for taxation so that resources might be redistributed to the poor, but this is best achieved by the denial of property rights.

Taxation is not justified to provide government services. All government services are fascism, including the provision of deposit insurance.