Proportional representation is more efficient at allowing people to get what they want

Fptp is less efficient at producing a fair outcome.

PR would be more efficient at providing freedom for the most people, if there is a democratic government.

First past the post doesn’t work

First past the post doesn’t work because it protects political parties from having to adjust to the wishes of the electorate.

Frac res banking is not aggressive

Unlike taxation, frac res banking does not violate the non-aggression principle and does not violate common, or natural law. Inflationary banking is not, in itself, aggressive, it is the bailouts and the taxation which follows which initiate force.

Higher prices are not a sign of economic strength

Inflation is not the same as wealth.

Rising prices might be confused for economic strength but mostly it will be a market reaction to an increase in the money supply. Deflation (falling prices) usually results from economic and industrial innovation.

Without deposit insurance the money supply would not increase

The banks don’t keep our money safe.

Banks don’t make (conventional) loans, to make a loan requires that someone has been deprived of the asset for the duration of the loan.

When a deposit is made by the customer this results in an increase in the money supply, an equal quantity of bank credit is created as there is cash deposited. The money (from the deposit) held in the bank is removed from circulation and does not alter prices, the bank deposits are now responsible for the price support. The cash deposited generates and becomes bank credit.

Making a deposit returns the cash to the bank as reserves (and removes it from circulation) but extra bank credit is created, causing inflation, so that prices remain as they were. Making a deposit increases the money supply, because the customer is still owed money by the bank in spite of the cash now being part of the reserves. We do not have a fixed deposit as we might expect with full reserves, instead we have been given bank credit instead, and the cash is not hypothecated to us, it forms part of the reserves. We are not really making a deposit, instead we are given bank credit in exchange for our money, the money is not held in reserve, the bank is not acting as a guardian of our money.

Banks should be allowed to fail

Any firm which is immune from bankruptcy is then able to print money. Money in a fiat economy is represented by state liabilities, if a firm cannot fail it can print money. They do not physically need to print notes and coins for this to be the case.

Fractional reserve banking is nothing more than another name for insolvency

A bank is insolvent when it has debts exceeding its assets. It may be able to settle debts as they fall due (it is not cash flow insolvent) but it cannot settle all outstanding debts, even in liquidation.