• How does deposit insurance create moral hazard and for whom?
• How does deposit insurance create easy credit, and for whom?
• How does deposit insurance sow the seeds for a too-big-to-fail doctrine?
• Was deposit insurance intended primarily to save depositors from loss or to do so with the bigger goal in mind of preventing bank runs that cause systemic risk? Can one have a stable currency, stable credit and stable economy without creating institutions with too much power or without creating the need for government intervention to guard against systemic risk?