Fractional reserve banking is torture

We can define torture in this context to mean harm imposed on someone by the state for no reason. It is different from the normal execution of justice. Torture by the government is imposed arbitrarily.

Fractional reserve banking is a form of torture because it causes harm to people for no reason. We assume (as we can) that there is a fiat currency in place and that it is possible for the state to subsidise fractional reserve banking. (If there is no fiat currency then the government cannot subsidise fractional reserve banking.) So then it is possible for the state to enable the banks to inflate the money supply. This is torture because it removes value from the rest of the population who do not print money. Since there is a fiat currency in existence this extraction of wealth cannot be avoided by anyone and so this hurts everyone in the economy. There is no reason for this subsidy of the banking system via deposit insurance and so by the definition above it is torture.