The U. S. Federal Financial Crisis Will Limit the Sale of Life Insurance Due to the Unintended Consequences of Low Economic Growth

Abstract

The argument made here is that the political stalemate on the Federal Financial Crisis is the canary singing in the mineshaft that assumptions about economic growth are wrong. Something in the American economy has fundamentally, and unalterably changed the ability of the economy to grow at normal historical rates. Economists call this a “structural” economic change.