But Can We Afford It?

Economic Priorities for the Next Administration
Friday December 2, 2016

Following one of the most polarizing and contentious electoral cycles in modern memory, two former D.C. insiders will interrogate the public understanding of the federal budgeting process.

Overview

THAT’S A GOOD IDEABUT HOW WILL YOU PAY FOR IT?”

This is the question posed to every candidate who has ever had an idea for any program ever. Following one of the most polarizing and contentious electoral cycles in modern memory, it’s time to discuss what that question really means. Together, two former D.C. insiders will interrogate the public understanding of the federal budgeting process.

In discussion:

Stephanie Kelton - former Chief Economist, U.S. Senate Budget Committee; economic advisor to Bernie Sanders 2016 Presidential Campaign; recognized as a member of the 2016 Politico 50

Amar Reganti - former Deputy Director of the Office of Debt Management, U.S. Treasury; Strategist, GMO, LLC.

Topics to be covered:

  • The relationship between federal government taxes and outlays
  • The function of the market for U.S. Treasuries and the meaning of “national debt”
  • The legal constraints of the U.S debt ceiling
  • The relationships between government spending, the “money supply”, and inflation
  • The status of the U.S. dollar as a global reserve currency

Co-sponsored by the Harvard Law School Forum and the Harvard Law School Tax Law and Financial Regulation Students Association. HLS’s own Daniel Sufranski, ‘18, to moderate.

Participants

Speakers:

Participant Profile

Stephanie Kelton

Professor of Economics
University of Missouri-Kansas City

Stephanie Kelton, Ph.D. is Professor of Economics at the University of Missouri-Kansas City. She served as Chief Economist on the U.S. Senate Budget Committee (minority staff) in 2015 and then became an Economic Advisor to the Bernie 2016 presidential campaign.

Participant Profile

Amar Reganti

Strategist
Grantham, Mayo, Van Otterloo & Co. LLC

Amar Reganti is currently a member of the Asset Allocation team at Grantham, Mayo, Van Otterloo & Co. LLC (“GMO”), a Boston-based asset management firm.

Moderator: 
Participant Profile

Daniel Sufranski

MMN Chapter President
Harvard Law School

Resources