Banks should not be allowed to print money

If we assume that a fiat currency is imposed by force as a result of taxation then counterfeiting that currency becomes a more serious crime than otherwise. If there is no official currency then it is not a crime to counterfeit currencies because we have a right to make pieces of paper in whatever pattern we wish. But if there is an official currency which is required to pay taxes then being able to print your own currency (to counterfeit) is an advantage which should be shared with everyone... if one group of people is able to print the tax-enforced currency then this creates a kind of apartheid where one group of people are treated differently under the law. To be able to (legally) print your own fiat currency places you above those who cannot which is a form of discrimination and is unsustainable.

To have a banking license means that your liabilities are recognised and secured (guaranteed) by the state and so then you are effectively able to print your own currency. Institutions which are able to issue their own currency are themselves quasi-state entities and we can think of them in similar terms to the more familiar elements of the public sector... but with banks they have private assets and profits which means that whilst banks have the advantages of a public entity (being protected from insolvency) they also generate profits for their owners. Banks with a banking licence cannot fail despite having private assets and profits.

There should be no banking licences because it is unfair and unreasonable to expect non-banking entities to compete in a market where some of the participants are able to print their own money. No one apart from the government (and other genuine state entities) should have the power to print money... those who can print money must be democratically accountable otherwise the state is being hostile to those people who cannot print their own money.