Dr. Robert Genetski

Dr. Robert Genetski

Dr. Genetski is a popular speaker who entertains thousands of people at conferences and investor meetings around the world each year. He is one of the nation’s premier interest rate forecasters and investment advisors, providing insights to economic, financial and investment matters through his own consulting firm and at his website.

Dr. Genetski is well known for his research and advocacy of classical economic principles. These principles provide a reliable guide to creating both a healthy economy and profitable investment opportunities. Dr. Genetski has conducted pioneering research into the role of taxes and their impact on economic prosperity. In the early 1980s, he correctly forecast that tax cuts would end the nation’s economic malaise by boosting productivity and helping to reduce both inflation and interest rates. In 1989, Dr. Genetski correctly referred to the Japanese stock market as “a classic case of a speculative bubble waiting to burst.” As a member of Blue Chip forecasters, Dr. Genetski has been commended on his ability to out-forecast the pack. He was listed on two

separate occasions as the number one interest rate forecaster in the country, according to Institutional Investor Magazine and Blue Chip Financial Forecasts. During the 1990s he gained a reputation as one of the most optimistic investment advisors in the nation, if not the world, for forecasting rapid growth, low inflation and record-breaking stock prices. During the course of his career Genetski has served as Senior Vice President and Chief Economist for a major Midwest Bank and has headed asset management, investment research, and investment banking operations.

Dr. Genetski has authored several books and numerous articles. He authored Taking the Voodoo Out of Economics, an influential book that anticipated and shaped many of the major policy changes that are now occurring throughout the world. In his latest book, A Nation of Millionaires, Dr. Genetski provides his vision of the changes in government policies that will shape the economic and financial landscape in the 21st century.

Dr. Genetski earned his Ph.D. in economics from and has taught economics at and at the’s Graduate School of Business. He has served on numerous Boards of Directors and writes a regular column for the Nikkei Financial Daily,’s leading business newspaper.

If you are interested in information about having Dr. Genetski speak to your group, you may contact Rob Carsello at 312-641-6362.

Unsolicited Testimonials

“Our Wealth Management's "Exceptional Exchange of Financial Insights" was a marvelous success in large part because of your presentation. It was full of your charisma, optimism and most importantly, expert analysis and explanation of classic economic principles. Every one of our guests was delighted with your remarks, as were we. According to our evaluation forms, everyone found your insights stimulating, timely and informative. Everything ranked at the highest marks. I expect you get this input regularly, but still felt compelled to share it with you.”– – Sharon R. D'Alessandro, The Private Bank and Trust Company

“Everyone I talked with spoke highly of the value of what you had to say, and encouraged the Program Advisory Committee to work harder to find more speakers with equally important information for our members.” – Rand Baldwin, Aluminum Extruders Council

“I want to say thank you for the talk to the AVDA group the first of last week. I would like you to know I had great reviews on your talk. The subject of the talk

was just right for that group.” – Bill Stovell, American Veterinary Distributors Association

“Your participation was one of the crowning points of the morning. Over and over again people have been asking, “How can we top this year’s Annual Meeting?” You have laid quite a challenge for us to come up with just half as good a speaker for next year as you were….” – Marlene Tegmeyer, Elmhurst Economic Development Council

Classical Economics

Economics is basically a simple subject. The main challenge of economics is to find a way to produce the things that people want in the most efficient way possible. Fortunately, economists solved this challenge over 200 years ago. At that time, the classical economists argued that people will naturally produce the things that others want, in the most efficient way possible, so long as they have the right environment. That environment consists of only four things—low taxes, free markets, protection of private property and a stable price environment.

These four classical principles have withstood the test of time. Over the past two centuries, whenever economic policies in any country have moved in the direction of lower taxes, freer markets, greater protection of private property and lower inflation, people have prospered. Whenever policies have moved away from these principles, economic trends have been disappointing.

During the past half century, the wisdom of the classical economists has become obvious to any who take the time to look at the evidence. A movement away from classical economic policies led to inefficiencies, shortages and a sharp drop in living standards in the during the 1970s. In the early 1980s, the Reagan tax cuts and a return to classical policies produced the most dramatic turnaround in economic performance in the nation’s history. Inflation and interest rates plummeted while productivity and living standards improved dramatically.

Politicians with their own agenda (and with little understanding of economics), often point to the large federal budget deficits that appeared in the wake of the Reagan tax cuts as an indication of a failed policy. These politicians ignore the improvement in the economy in the 1980s and the sharp increases in government spending that accompanied the tax cuts.

For some brief lessons in two topics of classical principles see The Nonexistent Liquidity Trap and The Myth of Fiscal Stimulus. Just fill in your email below and I will send those along with other interesting updates.

Those interested in finding out more about classical economic principles should read my book, Taking the Voodoo Out of Economics and Jude Wanniski’s pathbreaking book, The Way the World Works.

Long Term Perspective

Throughout much of the world, the adoption of classical economic policies is contributing to an economic boom. The successful application of low-tax, free-market policies is producing the greatest economic transformation in history. As global growth soars ahead at rates of 5% or more, hundreds of millions of people emerge from conditions of abject poverty.

In the US, the 2003 tax cuts have enabled the economy to perform extremely well in the face of numerous obstacles. The wealth-creating impact of low tax rates is likely to continue through 2010. In addition, monetary policy is in the process of shifting from restraint to stimulus. While the delayed impact of monetary restraint could produce some weakness early this year, the pace of business activity is likely to improve significantly as the year unfolds. For the next three years US economic policies should produce strong growth with relatively low inflation.

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