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A Nation of Millionaires: Unleashing America's Economic Potential Hardcover – April 10, 1997

5.0 out of 5 stars 3 customer reviews

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About the Author

Robert Genetski's contributions in the world of economics and finance range from serving as Chief Economist for a major Midwest Bank to teaching at NYU and the prestigious University of Chicago's Graduate School of Business. In between, he has managed to be crowned a top-five speaker in the field of Economics and Finance, and is renowned for the simplicity with which he explains critical elements and classical principles of economics.After receiving his Ph.D in economics from New York University (NYU), Genetski worked in the banking industry and subsequently founded of his own economic and financial consulting service. He has served on the board of directors for several public companies and provides insights on his website www.classicalprinciples.com. In his free time, he has also managed to author several other books, notably A Nation of Millionaires, Taking the Voodoo Out of Economics, and Winning with Money. Having made a name for himself in the Who's Who in Finance and Industry, he also writes regularly for Japan's leading business newspaper, Nikkei Financial Daily.Dr. Genetski has been a longtime advocate of classical economic principles. Not unlike Adam Smith in The Wealth of Nations, he has used his knowledge of these principles to create economic forecasts, from correctly predicting stagnation in 1977, an economic revival in the 1980s and 1990s, to historically low interest rates in 2001. In early 2008 he warned of a financial collapse, six months before it occurred. The bottom line in all of these predictions is that the negative predictions correlate with a shift away from the implementation of the classical economic principles and vice versa. Ultimately, Dr. Robert Genetski's illustrious credentials make him the ideal fit to author Classical Economic Principles & the Wealth of Nations in an attempt to reiterate the economic formula that has catapulted the United States to the top for so many years.
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Product Details

  • Hardcover: 192 pages
  • Publisher: Madison Books (April 10, 1997)
  • Language: English
  • ISBN-10: 1568330944
  • ISBN-13: 978-1568330945
  • Product Dimensions: 6.2 x 0.8 x 9.3 inches
  • Shipping Weight: 15.8 ounces
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #6,622,724 in Books (See Top 100 in Books)

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By Amazon Customer VINE VOICE on August 8, 2004
Format: Paperback
This is a nice fast read on how we should reduce government control of our money and give it back to the citizens, empowering them to make their own decisions about how their own money should be spent. The government has not been a good steward of our money as far as benefitting its citizens and Genetski mentions that only you know what is in your own best interest, not the government. The book represents the more sensible side of libertarianism.

The best way for us become millionaires by the end of our working lives is to reform the pyramid scam of social security by having us invest our money in our own private retirement accounts where we would gain interest on our own investments over time. As it is now, the social security system is bankrupt and there is no money being invested for our future retirements, but we are only paying for the benefits of retirees living now. Genetski has a fair plan for what to do with retirees' benefits now. Chile and other South American countries have already achieved positive results by privatizing their social security system and avoiding the waste. mismanagement, and scams that governments inevitably create.

The next area that needs to be reformed is health care in which citizens should be able to have their own private investment accounts to provide for their own health care. As it is now, the government-funded healthcare system is causing costs to skyrocket and decisions about your healthcare are beginning to made by bureaucrats, not by you as a citizen. Part of being a free citizen is having the ability to make your own decisions about your retirement, education, and healthcare and not having the government decide for you.
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Format: Hardcover
Amidst declining prosperity, stagnating economic growth, and lower savings rate - a large portion of America's population is faced with little or no money for retirement and stagnating income that loses to inflation. Genetski offers a true vision of the American Dream - repealing the sacred cows of the New Deal and the Great Society in favor of an opportunity society where we the people gain unprecedented control of the fruits of their labor. In this opportunity society, "the private, productive work force is so attractive, no one can afford to be left out." Among the remedies in this free-market prescription our: Social Security privatization, medical savings accounts, reforming the education system and tort reform. There is in an old saying that when you subsidize failure and poverty you get more of both-vis-a-vis, when you subsidize savings and investment capital, you reap more prosperity.
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By A Customer on November 22, 2003
Format: Paperback Verified Purchase
Shows how just about anyone can retire a millionaire. They only thing which stands in your way is the fat-beyond-belief, completely ineffective and clumsy Uncle Sam. Imagine a whole nation of millionaires (and that's with very low or no inflation). The fact is - it's 100% doable, read the book and you'll find out how.
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