A currency with deposit insurance is not money

Housing is priced correctly... the only 'problem' is that they are very cheap to those who are prepared to get into debt. But they are still priced correctly because the right measure is not against an inflated currency but against hard assets. Priced against commodities houses are priced correctly... houses are themselves a commodity. The problem is not with houses but with a medium of exchange which can be inflated so easily by the banks. Because of this inflation it is true to say that banks don't print money because something which can be printed so easily ceases to be money. Because of deposit insurance paper currencies are not money. (Money doesn't have bank deposit insurance.) If a currency has deposit insurance it is not money.