The numbers don't support this by the way. Obviously, Austrian Economists have all kind of literature debunking this (Bitcoin Standard first 6 chapters is a good summary) - but put this aside for a second, even some of the Keynesian/monetarist economists have wrote about the unintended consequences of state intervention in the monetary supply.
The ELI5 version is basically by implicitly telling everyone that JP Morgan would never be allowed to fail, then you are skewing free market risk/reward decisions and skewing money/resources toward too big to fail monopolies.