PROPERTARIAN REASONING ON TOO BIG TO FAIL I won’t go into it here because it’s l

PROPERTARIAN REASONING ON TOO BIG TO FAIL

I won’t go into it here because it’s late, I am tired and it’s loud here. But if I follow Propertarian reasoning, then no bank is insulated from too big to fail without warranty of every individual committing to a price.

The only way to create large banks immune to perverse incentives and dependence upon impossible calculations, is to professionalize banking, require insurance, and eliminate all immunity.

This would dramatically increase the number and quality of bankers and flatten the income distribution in federations of banks.

More details are required to grok this if you are knowledgable about banking (finance).

But my point is that you cannot fix too big to fail any other way.