“Stimulated, or let’s say ‘simulated’ – signs of recovery aren’t needed if people have savings, accumulated capital, that can be deployed.  Instead, today they mostly have debt. Government stimulation won’t work if capital doesn’t exist or is punished for being used. If you’ve destroyed people’s jobs, taxed them more for investing wisely, piled on so many regulations that you can’t sell lemonade without decades of permitting and clinical trials, all the stimulus in the world won’t create a vibrant economy.”

http://www.caseyresearch.com/cdd/doug-casey-fiscal-cliff

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