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Founder and Chair – LMFC
Vice Chair – LMFC
President and CEO – LMFC
President & CEO – The Bank of Holland
SVP of Shared Services - LMFC

Hear from the founder of Lake Michigan Financial Corporation, Rich Lievense, and his insight on what this blog encompasses.

In the mid 30’s, Congress passed a bill called the Hawley-Smoot tariff bill that increased tariffs on imported goods.  Many economists argue this caused the economy to fall back into recession in 1937.  The consequences of this bill are important to remember as the protectionism drumbeat continues in the current election cycle. 

The article is written by John Gordon Steele who also wrote ‘An Empire of Wealth: The Epic History of American Economic Power’.  This is a wonderful book that outlines the business history of our country and reminds us of the fundamental strength of our economy and country.  It is worth reading if you could use perspective on the current economic affairs of the country and world. 
 

Read More Article The Great Mistake from Barron's.

The nation (and the world) has suffered a financial trauma and it will take years to get healthy again.  In this election season, we have an endless supply of answers and ideas of what we should and shouldn’t do.  Policy makers won’t admit in public what most of us know.  They can’t fix the economy because no one can.  It will take time and a commitment to return to the development of world class labor skills and education as well as a recommitment to compete with emerging businesses anywhere in the world.    

Read More Article Who can magically fix the economy? from Fortune.

Most of us agree that small businesses and entrepreneurs will be the engine for future job growth in our economy. I just watched a television series titled ‘America – A History of Us’ on the History Channel. It reviewed our country’s history and highlighted the importance of our creative business environment. The cumulative effect of our business entrepreneurs literally changed the world. This article provides some common sense guidance to reestablish and reinforce this spirit today. 

Read more article: How to Start an Entrepreneurial Revolution from the Harvard Business Review (subscription required to view full article)

With the involvement of the Federal Government in our national credit and financial markets, Timothy Geithner has had more than his share of publicity (good and bad). If you are interested in a complete his personal background and a review of his work on the financial crisis, this article provides a balanced summary. 

Read more article: Inside Man from the Atlantic.

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