Robert Genetski says, a decision on raising the debt ceiling has serious implications for the financial stability of every man, women and child. Financial turmoil is inevitable when either individuals or nations abandon classical economic principles.
Robert Genetski defines the term "classical" as concepts that are “so basic and so fundamental that they are timeless.” In his new book, Classical Economic Principles, the Wealth of Nations
, he emphatically integrates these basic economic principles, alluding to Adam Smith’s Wealth of Nations to convey the purpose and longevity of these principles.
The crux of the classical economic principles is liberty and freedom, without which there is no hope of sustained wealth of nations. In the 17th century, philosopher John Locke traced these rights back to God; because God has given these rights, they are unalienable—no person or government can take them away.
In a nutshell, the concept of classical economic principles can be summed up by the following passage: “It is inevitable that the principles and policies that flow from God-given rights must be those that provide the greatest material well-being for the greatest number of people. God wouldn’t have it any other way.”
Robert will share with your listeners or readers:
is a must for a deeper understanding of the ups and downs of the economy, and how creating financial stability begins with controlling spending and debt.
My Take on the Book
Robert Genetski defines the term "classical" as concepts that are “so basic and so fundamental that they are timeless.” In his new book, Classical Economic Principles, the Wealth of Nations
, he emphatically integrates these basic economic principles, alluding to Adam Smith’s Wealth of Nations to convey the purpose and longevity of these principles.The crux of the classical economic principles is liberty and freedom, without which there is no hope of sustained wealth of nations. In the 17th century, philosopher John Locke traced these rights back to God; because God has given these rights, they are unalienable—no person or government can take them away.
In a nutshell, the concept of classical economic principles can be summed up by the following passage: “It is inevitable that the principles and policies that flow from God-given rights must be those that provide the greatest material well-being for the greatest number of people. God wouldn’t have it any other way.”
Robert will share with your listeners or readers:
- The significance of the debt ceiling and how it breaking it will affect you and your family
- How government debt is related to your family’s financial well-being
- The outlook for inflation and stock prices
is a must for a deeper understanding of the ups and downs of the economy, and how creating financial stability begins with controlling spending and debt.My Take on the Book
As a relative lightweight on issues regarding the economy, this book was an easy read that shared many interesting and thought-provoking ideas that related to free markets and how they should work in today's society. Too often in the news and in publications today, you are provided with a very unclear view of what the economy is doing and what can be done to stimulate its growth. This book does a good job at cutting through the muck and allows the reader to see the underlying important information at the core of our economy. The book was also amazingly in-depth and inclusive. The author provides some compelling arguments that should be considered!
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