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StrategyDriven Editorial Perspective – Here we go again… more government created uncertainty
As we enter this last week of September, America faces another looming government shutdown. The continuing resolution that currently funds the Federal government’s activities expires at 11:59 pm the evening of September 30 – the end of the last day of the government’s fiscal year. Republicans and Democrats have once again dug in to their partisan positions; creating an uncertainty regarding the operation of our government institutions, the funding of programs, and the paying of social security, veteran benefits and military salaries.
StrategyDriven has long maintained that politicians are primarily responsible for the great uncertainty hindering economic expansion and prosperity – and we believe history supports our assertion. The following video is that of a lecture made by Nobel Laureate and Economist Milton Friedman. In his discussion, Dr. Friedman reveals how the government, and in particular the Federal Reserve, was largely responsible for the Great Depression. He goes on to illustrate how Federal Reserve actions also caused the hyper inflation experienced in the late 1970s.
The purpose of this editorial is not to suggest a specific course of action. Instead it’s purpose is to suggest a need to closely monitor the government’s fiscal policies and to draw from historical perspectives how those policies may impact our economy and your business’s future.
Michael Feuer cofounded OfficeMax in 1988 starting with one store and $20,000 of his own money, a partner, and a small group of investors. As CEO, he grew it to more than 1,000 stores worldwide with annual sales topping $5 billion. He is also CEO of Max-Ventures, a venture capital and retail consulting firm, and founder and CEO of Max-Wellness, a comprehensive health and wellness retail chain that launched in 2010. After opening initial laboratory test stores in Florida and Ohio, a national roll-out is now underway. To read Michael Feuer’s complete biography, 
Dustin S. Klein, contributor and editor of The Benevolent Dictator, is the publisher and executive editor of Smart Business Network, publishers of Smart Business, the nation’s second-largest chain of regional business publications. He has interviewed thousands of senior executives and civic leaders across America. He is a regular presenter on business-related issues for public and private business audiences and is a frequent guest on television, radio, and Internet programs. To read Dustin Klein’s complete biography, 
StrategyDriven Podcasts focus on the tools and techniques executives and managers can use to improve their organization’s alignment and accountability to ultimately achieve superior results. These podcasts elaborate on the best practice and warning flag articles on the StrategyDriven website.
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Doug Moran, author of 
Justin Menkes is an acclaimed author and leading expert in executive assessment. A consultant for the influential executive search firm Spencer Stuart, he and his colleagues advise the boards of the world’s leading companies on their choice of CEO. He authored The Wall Street Journal bestseller Executive Intelligence: What All Great Leaders Have and has written articles for Chief Executive and the Harvard Business Review. To read Justin Menkes’ complete biography, 
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