It's Later than You Think
We are living in a post financial collapse period. 90 million unemployed, QE 1, 2 and QE forever printing programs are currency parachutes. Increased taxes and increased welfare programs are redistribution of wealth from producers to "consumers" in an attempt to maintain civil order not to jump start a free market economy. Increased regulation is designed to maintain civil order. It is all post-financial collapse management.
Rand was right in every way except one, our Producers are moving overseas or just shutting down and going overseas. Maybe that is where the Gulch truly is.