Founder and Chair – LMFC
Vice Chair – LMFC
President and CEO – The Bank of Northern Michigan
SVP of Shared Services - LMFC
Senior Vice President, Traverse City Market Manager

For a century, the American economy has introduced many of the world’s most innovative products.  This innovation has led to a standard of living for our country that is unsurpassed in the world.  There are those who feel this innovation will be led by China in the future.  This article discussed this important topic.  The Great Stagnation

Read "Will China Outsmart the U.S.?" from The New York Times.

If you are interested in reading further about this topic, we have recently read a short book that presents the importance of innovation for our economy.   The book is Tyler Cowen’s The Great Stagnation.  I would highly recommend it.

Find "The Great Stagnation" by Tyler Cowen on Amazon.

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