Why is libertarianism so infallible?

It is due to it being the application of political science. It does not permit failed policies to be continued fruitlessly year after year with idealistic fervour, it is next to impossible for anyone surrounded by fierce libertarian critics to continue clinging on to lies. It is a purely functional machine, lubricated with justice and fueled by free speech.

>>718
The banks didn't want to compete with the new trusts that were coming onto the scene so they whined and cried to congress and the OCC to over-regulate them, the government at the time was heavily socialist with many corrupt dealings between those in positions of economic power and the state.

Also the great panic did not result in a depression that lasted a decade, the market simply buckled up, maturely took the recession and waited till stock was lower than actual value before becomming bullish. You can be thankful towards the fluidity of the free market for this.