Why can't capitalism stop its excesses, greed, and other damaging characteristics?

Freedom was our subject. So making the exercise of one's freedom a crime is definitely our subject.

Nope.

You won't be providing any evidence that I have advocated or praised communism or fascism on any scale.

 

How many post-Keynesians predicted the GFC? I don't need to provide references for that monumental error.

 

Let's go back. What is post-Keynesianism? Try not to copy and paste from wikipedia!

 

You really need to get out more, and look at reality. More then before Trump was elected.

 

Yup - no reply - that’s what illib progs do.

 

No, it is what repugnant ones that vote for liars, and cowards do. I answered the only question you asked, yet like the fool you are you once again have no intelligent response.

 

I love when illib progs foam at the mouth. It's derangement.

 

Why do you think economists are more likely to be Democrat than Republican? Perhaps the objective study of economics out-trumps reliance on emotional finger pointing?

 

Like Paul Krugman ??

 

Key figure for new trade theory, but one of many. Think its typically 2.5:1 in favour of Democrat. Why? Perhaps your lack of economic comment gives the game away somewhat?

 

Key figure for gibberish and theoretical nonsense. Remember Christine Romer ??

 

Krugman overplayed the importance of free trade (given new trade theory arguably leads to an increased importance of industrial policy for economic development). He saw intra-industry trade and inter-industry trade as complementary. But of course this isn't relevant. He knows economics, you don't. And those that know economics are more likely to be Democrat. Why? Don't dodge now, its tiresome.

 

He knows economics ??? Just like Christine Romer knows economics ???

Here's a task for you - list the most important elements of supply side economic policy and compare them to Reagan, 41, Clinton, and 43 all of whom were supply siders to some degree. But of course the list is the most important part of this. Hint - the objective of supply side economics is to reduce the gov imposed costs on production. Technically income tax rate reduction is not part of this. It's a Keynesian stimulus although American Keynesian economists only push gov spending.

 

Yes, the deranged do regard the sane as deranged especially if their idol tells them it is so. No "foam" here just as there is no truth where you are at.

 

Because someone might bring up that his preferred economic systems inevitably devolve into poverty, starvation, and mass murder.

 

That's funny. It's amazing how illib progs rationalize irrationality. It's as if there actually is a man behind the green curtain.

 

The GFC occurred because according to the Basel Rules mortgage backed securities would "never" fail and so the reserve requirements were stupidly low. When they failed (or more accurately could not be valued) the scenario which was based on the assumption imploded. And when Bear Stearns was bailed out but Lehman allowed to fail (for no apparent distinguishing rationale) the financial system locked up. All this including the low income housing policies which resulted in the "failure" of MBS's resulted from BIG GOV policies.

 

While Carville coined the phrase "The economy, stupid", a much more appropriate phrase in response to this threads OP would be "The monetary system, stupid".

 

But establishment of the Federal Reserve has nothing to do with capitalism. The Fed came about from the progressives during the Wilson administration in 1913. One of the first things they did was to significantly contribute to the Great Depression.

 

It has everything to do with the capital we earn, save, invest, spend.

 

But nothing to do with capitalism.

 

Provide me with your accepted definition of capitalism, and then I might be able to provide you a response.

 

Capitalism has nothing to do with the creation of a Federal entity which sets monetary policy and interest rates.

 

That does not answer my question and I'm not interested in going off on a tangent.
Perhaps another question, how do we make use of capitalism?

 

You are the one off on a tangent by claiming that capitalism requires a Fed reserve.