Posted by THE COLUMBIA UNIVERSITY CLUB OF WASHINGTON D.C. INVITES YOU TO THE 4TH ANNUAL HAMILTON DINNER
“FROM WASHINGTON TO WALL STREET: WHAT WOULD MR HAMILTON THINK?”
Presented by Professor Richard Clarida, C. Lowell Harris Professor of Economics at Columbia University
Date. Wednesday, January 8, 2014
Location. MAGGIANO’S
5333 Wisconsin Ave, NW
Washington, D.C. 20015
Time. 6 PM: Start
6:30 PM: Presentation
7:30 PM: Dinner—Maggiano’s Family Style
(includes pasta, chicken, fish and vegetables)
Please contact us at [email protected] if you require
a strict vegetarian meal.
Cost. Members and one Member Guest: $60
Non-members and Additional Guests: $70
RSVP DEADLINE: MIDNIGHT, JANUARY 5TH
*Garage parking available; restaurant is across from Friendship Heights Metro*
One of Hamilton's first achievements as Secretary of the Treasury was to put the new United States on a sound financial basis. The "First Report on the Public Credit," submitted by him to Congress on January 9, 1790, analyzed the financial standing of the United States and recommended reorganization of the national debt and establishing the public credit. It called for (1) full federal payment at face value to holders of government securities and (2) the national government to assume funding of all state debt. The Compromise of 1790 that led to its acceptance had consequences that directly affect our lives. Federal debts were paid and and state debts assumed. The quid pro quo was that the permanent US capitol would be established on the Potomac River. Opposition to those fiscal policies persisted and led to the emergence of an opposition party – the Democratic-Republicans – and political struggles that would persist for decades.
Although much has changed since Hamilton made his mark at the U.S. Treasury, there is much about Washington and Wall Street today that he would still recognize. Professor Clarida will discuss the state of the global economy, Federal Reserve policy, and the fiscal stalemate in the context of the U.S. financial architecture put in place by Alexander Hamilton. He will draw on his perspectives as Lowell Harris’ Professor of Economics at Columbia, and as former Assistant Secretary of the U.S. Treasury (2002-2003).
Please join the CUCDC at our signature event held each January in connection with the birthday of one of our founding fathers: Columbia College alumnus, Alexander Hamilton.
ABOUT PROFESSOR RICHARD CLARIDA:
Professor Clarida has taught Economics and International Affairs at Columbia University since 1988, chairing the Department of Economics from 1997 until 2001. Prior to this, he was a member of the Cowles Foundation at Yale University.
As Assistant Secretary of the U.S. Treasury, he was the chief economic advisor to Treasury Secretaries Paul O'Neill and John W. Snow, and received The Treasury Medal in recognition of his record of outstanding service to the Department. Clarida has also served as a member of the Council on Foreign Relations.
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