There is no deposit insurance

Banks not government have control of the money supply because of fractional reserve banking.

Bank deposits are themselves a form of cash. The government forgives people who have trusted an insolvent bank... the government does not insist on narrow cash it will accept broad money so money is broad money not narrow money. If money is broad money then deposit insurance itself loses meaning because there is no requirement for insurance if we have been given what we are owed. If money is broad money there is no need for deposit insurance since it is redundant. Fractional reserve banking should be illegal not because there is deposit insurance (the term has become meaningless) but because money is broad money. There is nothing special about cash in the context of (in comparison to) bank deposits so frb should be illegal.

There is no deposit insurance in any meaningful sense.