First past the post concentrates political power in the hands of one person

Political power is shared evenly under proportional representation. Proportional representation is shared representation.

Banks supported by deposit insurance should either be reformed or allowed to fail

The government is printing money when it makes a loan.

First past the post governments are illegitimate

Governments elected under proportional representation have more legitimacy than those elected under first past the post.

Proportional Representation makes politicians more accountable to the electorate

Government deposit insurance enables banks to print money

Fractional reserve banking is not a justification for deposit insurance

We need to stop fractional reserve banking before we can get rid of deposit insurance. Fractional reserve banking is the reason banks can’t fail.

Fractional reserve banking destroys the value of cash

Cash might not be such a terrible investment if not for fractional reserve banking. Fractional reserve banking makes cash a terrible investment. Cash would hold value if we had full reserve banking. Fractional reserve banking enables government and borrowers to steal from savers through inflation.