The U. S. Federal Financial Crisis Will Limit the Sale of Life Insurance Due to the Unintended Consequences of Low Economic Growth
4 Pages Posted: 2 Aug 2011
Date Written: August 2, 2011
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.
Keywords: U.S. economic growth, federal debt, insurance
JEL Classification: A11
Suggested Citation: Suggested Citation
Vass, Laurie Thomas, The U. S. Federal Financial Crisis Will Limit the Sale of Life Insurance Due to the Unintended Consequences of Low Economic Growth (August 2, 2011). Available at SSRN: https://ssrn.com/abstract=1903839 or http://dx.doi.org/10.2139/ssrn.1903839
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