Government never solves problems, they merely shift and distract.
All banks should be mandated to keep 100% gold reserves.
Exchanges should be immediate and tax free.
There would be no bank failures, ever.
The original problem was never remedied.
The State and the people should be able to test their banks by requesting their deposit total as gold coin.
Any deficient bank should be shut down.
The burden of solvency then is the customer must store his own gold.
Then WHAT THE HELL IS A BANK VAULT USED FOR ANYWAY ??
, if the vault cannot store gold?
And yes we understand Freidman’s solution of a FDIC.
The FDIC is a bandaid.
Freidman had a few brainfarts, and Socialist Bailouts is a fart.
“All banks take in value money and return zero, a paper slip receipt. They are frauds.”
Well there it is. You want to outlaw banks.
“All banks should be mandated to keep 100% gold reserves.”
The resulting currency police would be kept busy jailing outlaws who skirt your 100% gold transaction edict.