Question: What is the appropriate role of regulation (by government) of the financial system (specifically, banks)?
While ultimately I really am an anarchist, I tend toward minarchy for the sake of initial practicality. As a result I believe that general laws against theft and fraud are essential to a free and just economic system. The only other regulation that I really want to see is something along the lines of full disclosure. I don't want JP Morgan to be able to arbitrarily not tell me things about certain investments. Aside from that, I don't really want to see any regulation.
However I should note that this is assuming stable money. So I've essentially already thrown out the Federal Reserve and gone, at least in this gedankenexperiment to a privately issued currency backed by some sort of bullion or commodity backing.
So yes I'm making some major assumptions. Honestly, if we truly had a free market, capital movements would be so much more fluid and maybe, just maybe people would get over this absurd idea that certain businesses are "too important to fail". On the contrary, it is the most important businesses should be the ones that get wiped out when they fail so that someone else can absorb their resources and put them to a more highly valued use.
Now I'm quite sure that there might be some readers that are true anarchists and will say "Ah but the imposition of the power of the state ... blah blah" and they will cite Robert Higgs work on the 'ratchet effect of government power'. I agree with their fundamentals, but all changes are marginal. Without those marginal changes, we won't get anywhere because just saying you want anarcho-capitalism is akin to putting a loaded gun in someone's hand and putting it to your head intellectually.