Banks have private assets

It should be illegal for any organisation which cannot fail to increase the money supply... unless they are the government and they are knowingly and deliberately causing inflation. It is perfectly possible to imagine an economic system whereby we encourage the government to increase the money supply from time to time. Part of the reason this might be good is that it would reduce the negative impact of debt on the borrower. So it might be good for the government to increase the money supply occasionally but there is little justification for private firms which are not the government to print money. Also there is little justification for other non-bank parts of the government to print money such as schools and hospitals. We do not imagine that it would be a good idea to make each school and hospital similar to the central bank with the ability to print money. Such a privilege should be held centrally by the government to make sure inflation does not get out of control. Not all parts of the government should be able to print money. If a bank has deposit insurance then it is part of the government and (in theory) has the ability to increase the money supply. If we want to protect the currency we should make it illegal for banks with deposit insurance to make loans and increase the money supply. Unlike the rest of the public sector banks have private assets which means that it is inconsistent to enable them to print money because they are making a private profit and do not claim to be acting entirely in the interests of the country as a whole. Even if they have deposit insurance banks are still not like the rest of the public sector (they have private assets) and so they should be constrained from printing money. Only those parts of the public sector without deposit insurance should be able to print money. Banks should not be ale to print money because they have private assets unlike the rest of the government. Only those institutions which do not have private assets (all assets are public) should be able to print money. No private organisation should be allowed to print money. Banks should not be allowed to print money because they have private assets. Only the entirely public sector should be allowed to print money and since banks are not (fully) public they should not be allowed to print money. Banks are not public and so should not be allowed to print money. An institution with private assets is not part of the state.