First past the post is bad for the individual

"Remember also that the smallest minority on earth is the individual. Those who deny individual rights, cannot claim to be defenders of minorities." Ayn Rand

Proportional Representation is reality

A common assumption is to assume that people that advocate pr are advocates of the government because part of the unpopularity of government is derived from fptp. If fptp is remedied... so the argument goes then government will be less unpopular which allows for greater socialism. But this is a false argument. We are not protected from socialism because the government is offensive but instead because many voters do not want it. It is not because of fptp that some people oppose socialism... they are ideologically opposed and would remain so even with pr. It is not good to be a liberal because it offends socialists... offending people is not the aim. There is no point offending people (as fptp does) if there is not a justification for it. Just because fptp is offensive doesn't mean that it is correct... communism was offensive.

Full reserve banking is not banking

Fractional reserve banking is banking there is no other kind of banking. Banks do not engage in full reserve banking.

The only kind of banking is fractional reserve banking... all other kinds of banking are a type of storage. An institution which practices full reserve banking is not a bank it is a safe... or a warehouse.

Fiat money has no value without coercion

Nothing is good which requires coercion

Banks cannot fail if they have the ability to do fractional reserve banking. (They are not constrained by the market if they have deposit insurance.) Frb is synonymous with (is impossible without) deposit insurance.

If bank credit is not cash it would have no value

The evidence which establishes that banks print money is nothing to do with the government or the deposit guarantee (although those things may have relevance) it is simply that bank credit trades at parity with cash. There is no other possible explanation for the elevated price of bank credit other than it being cash. If banks do not print money then bank credit would have no value. Bank credit has value because it is cash.

The government is wrong to advocate fptp

Proportional Representation is a valid truth claim in that it cannot be reasonably refuted. If we tolerate democracy then there is no reason not to tolerate proportional representation. To deny an obvious positive truth claim is insanity and so we can say that the government is insane because of its position on fptp.