Banks print money if fiat money is money

Deposit insurance is the reason why banks can't fail... without deposit insurance we would have a free market system which would make fractional reserve banking more difficult. It is more accurate to say that a lack of deposit insurance would restrict money-creation to the (entirely) public sector. The reason for this stipulation is that with deposit insurance we do not really have a fractional reserve banking system. If deposits are guaranteed banks can't fail and it is then more accurate to think of them as full-reserve banks. (Despite their money-creation abilities.) Deposit insurance turns the formerly private banks into public institutions. Deposit insurance is why banks are not private... it nationalises banks. Monetary inflation by banks is not possible without deposit insurance. Money happens to be state credit (at this point in history) which means that once they have deposit insurance banks are able to print money. Only if fiat money is not real money can banks (with deposit insurance) be said to be unable to print money. Banks can print money if fiat money is money. To be a denialist of the fact that banks can print money requires also to be a cynic of fiat money... to be consistent. If fiat money is money then banks print money.