Fractional reserve banking is a form of taxation

In many ways we can think of the ability to increase the money supply (if there is a fiat currency) as a form of taxation. If there is a fiat currency then all inflation of that currency acts as a tax because it is a cost to the people who are using that currency... and everyone is using the currency otherwise it would not be an effective fiat currency. Because everyone is forced to use a fiat currency any inflation of that currency is a tax on everyone in the economy. When banks have deposit insurance (and have permission to increase the money supply) then they too are able to force a form of taxation onto the people. Banks can tax people if they have deposit insurance. (And are able to increase the money supply.) Fractional-reserve banking (frb) cannot exist in the free market because it is prevented by bank runs so we can say that frb is always a tax on the people.