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Then anarchists are for the status quo?
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There are more governments, but they have separate territorial jurisdictions, so they are not competing for the same customers.
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The bank cannot open a checking account for $900 for Cust2 and lend him the same amount the same time.
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What does he mean lending a checking account? The paragraph makes no sense to me.
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It would probably still be government owned.
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If you recieved $100 in deposits you can only lend out that without reserve requirements. If the reserve ratio is 20% you can lend out $80.
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Governance is kind of a natural monopoly. That is why there will be only one government basically always.
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Because society could not function without the necessary governance.
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No. The Absence of Government is usually Chaos.
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Indeed she is. Bryan can be insane too, but this time he is spot on. http://econlog.econlib.org/archives/2011/02/the_tiger_mothe.html