Fractional reserve banking is bad

It is bad for humanity if a bank or any organisation is immune from failure and able to inflate the money supply. If someone (apart from the government) is able to inflate the money supply it is likely they will do so meaning that they will be able to acquire a surfeit of property and assets. This arrangement is bad overall and it could even be argued that it is bad for the agency which can counterfeit the currency because they are destroying the planet. (Being rich in hell is worse than being relatively poor in a healthy world.) Even if being able to inflate the currency is not bad for those able to do it it is certainly bad overall so then it is better (overall) not to have state-guaranteed fractional reserve banking.