The prime beneficiaries of the above flight-to-safety? The U.S. government and taxpayer. "The need for preservation of capital is enabling the U.S. government to fund its borrowing at an extraordinary low cost, which is reducing the interest cost to taxpayers. It's conceivable that the federal government could lock-in $1 trillion in new debt for less than $37 billion in interest per year, after averaging all borrowing rates. There's no way the interest payment would be that low if the global economy was growing, so the U.S. is quite fortunate."

Further, the low interest rate is also helping to make the case, indirectly, for a large fiscal stimulus, Felson said. "If interest rates were higher, opponents of the Obama fiscal stimulus plan would be screaming about the federal government's annual interest cost for the debt," Felson said. "Low rates have muted that argument, which has eased the way for a large fiscal stimulus package, which is what the U.S. economy needs."

Fiscal Policy / Economic Analysis: Once again, the United States benefits in ways no other modern country could. How many modern nations have dramatically increased their national debt and experienced a decrease in bond interest rates? To be sure, interest rates will rise after the U.S. economic recovery starts, and taxes will have to be raised to lower the budget deficit and reduce the total amount borrowed per year, but for now the U.S has a window via which it can fund its fiscal stimulus package that's so essential to getting the economy growing again.