We are slaves if there is deposit insurance

To be in an economy where a private entity such as a bank is able to increase the money supply and cause inflation is a form of slavery. If there is a government and fiat currency then the liabilities of the government are owned by everyone and the government has a responsibility to make sure it does not issue too much currency. If fiat currency is credit of the government then it is also the credit of the people... when the government issues credit (cash) it is issuing liabilities of the people. If private banks are also able to issue currency then we can consider this situation to be a form of slavery. (For a private company to have the right to issue the credit of the people is to own the people). In an economy with a fiat currency that currency becomes a form of objective wealth... to be able to print money is to be able to issue wealth out of thin air and so if others have this ability and not ourselves we are a slave to that person. If banks can print money they 'own' the rest of the economy and the rest of the economy is a slave to the banks.