The FDIC came about as a consumer protection because FRB is a fraud though.
When you allow multiple people to lay sole claim to the same good or service it's fraudulent. If hotels were able to sell the same room at market price to 2 different parties, that would cause obvious problems, same with car rentals, same with everything. It's easier to trick people when it comes to money, but the disruptions it causes in our economy are real. As Hazlett says (in regards to inflation that FRB causes) "It tears apart the whole fabric of stable economic relationships". Instead of fixing this problem, we have given bankers a free pass and tried all sorts of gimmicks to make it work including the Fed and completely fiat money, but it doesn't work, because it's Fraudulent.
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