🚨New Paper🚨 (hi law reviews!) ‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens. - ThreadSky | a Reddit-style client for Bluesky

rohangrey.bsky.social • 4 days ago

🚨New Paper🚨 (hi law reviews!)

‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens.

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Comments

sea-mtn.bsky.social•4 days ago

I look forward to reading it when publicly posted. Is this "monetizing the balance sheet" stuff from Bessant (vid below for example) a red herring, or important? And, connected/not to the accounting mechanisms discussed in your paper?
https://www.youtube.com/watch?v=3zBT3rDZKZk

rohangrey.bsky.social•4 days ago

its just a way to invert the public perception of spending - you're not "running a deficit" you're "acquiring an asset". plus also looting govt for parts, backstopping private monies for personal gain etc. not exactly on point but in the ballpoint--certainly the same rhetoric/symbolism implicated

spborden.bsky.social•4 days ago

Would love to read this.

aaiqbal.bsky.social•4 days ago

A very exciting paper!

I'm curious about @jdmortenson.bsky.social's thoughts

jdmortenson.bsky.social•2 days ago

I just barely beat your post to downloading it : ) it looks VERY interesting

rohangrey.bsky.social•2 days ago

thoughts appreciated!

reidkrell.bsky.social•4 days ago

Gonna admit I'm a wee bitty upset that this is the first I'm seeing this.

rohangrey.bsky.social•4 days ago

this is why i have been MIA, i have been deep in a hole (also im so sorry also hi)

ill send right now

reidkrell.bsky.social•4 days ago

Much appreciated, I'll read it over the weekend.

rohangrey.bsky.social•4 days ago

okay it's up!

https://bsky.app/profile/rohangrey.bsky.social/post/3lk3ttnqxkk2b

rohangrey.bsky.social•4 days ago

It contextualizes the current DOGE-led incursion within a broader history of inter- and intra-branch conflict between Congress, the President, the rest of the executive branch, and the Judiciary over the limits and boundaries of legislative and executive fiscal power.

rohangrey.bsky.social•4 days ago

Concurrently, it situates Trump’s ‘hacking’ of the federal government via the ‘backdoor’ of the fiscal-IT layer within a larger constitutional and technological debate over the future of digital public money and fiscal administrative system design.

rohangrey.bsky.social•4 days ago

I argue that Trump’s vision of a ‘unitary executive fisc’ - in which administrative & budgetary powers are concentrated in the office of the President - while unprecedented and extreme, has deeper roots in the constitutionally fragile architecture of the public payments system.

rohangrey.bsky.social•4 days ago

This fragility is largely due to excessive entanglement, centralized ‘bottlenecks’, and incoherent and/or contradictory directives at the executive level through OMB, Treasury, and Fed, and legislatively via reconciliation and the debt ceiling.

rohangrey.bsky.social•4 days ago

Dollar digitization debates have thus far centered around ‘central bank digital currencies’ or CBDCs. This institutionally-narrow approach has largely neglected fiscal policy, in the process overlooking important constitutional and practical considerations.

rohangrey.bsky.social•4 days ago

Instead, I propose a wholesale reimagining of the legal, technological and procedural foundations of the fiscal administrative state–a “New Digital Fiscal Regime"-grounded in a ‘centralized legislature, decentralized executive’ approach.

ronbronson.com•4 days ago

Relevant to my interests wow

rohangrey.bsky.social•4 days ago

dm your email and ill send you a copy!

jeffgordon.bsky.social•4 days ago

Can’t wait to read, and very likely to assign in a federal budget law seminar. Send to me?

rohangrey.bsky.social•4 days ago

sent!

garyscharpf.bsky.social•4 days ago

@weisenthal.bsky.social and @tracyalloway.bsky.social I'm going to need an episode of Odd Lots on this. @dashiell.bsky.social

rohangrey.bsky.social•4 days ago

feel free to email and ill send you a copy!

bellaciao007.bsky.social•4 days ago

📌

jftypesvr.bsky.social•4 days ago

Where can the paper be found? Thanks.

rohangrey.bsky.social•4 days ago

DM me your email

kkspice.bsky.social•4 days ago

@nathantankus.bsky.social thought you’d find this interesting and useful

nathantankus.bsky.social•4 days ago

😉

https://bsky.app/profile/nathantankus.bsky.social/post/3lk2tmpkawk2v

landtrust.bsky.social•4 days ago

Please send me the paper

rohangrey.bsky.social•4 days ago

dm your email!

totallyincredulous.bsky.social•4 days ago

📌

pohokano.bsky.social•4 days ago

Appreciate a copy. WUCL ‘87

rohangrey.bsky.social•4 days ago

dm me your email!

jamesscheibner.bsky.social•4 days ago

You know one of those moments when you read the abstract and you’re thinking “damn, this is impressive, I wish I could write this efficiently”? Well this is one of those moments.

rohangrey.bsky.social•4 days ago

That's very kind of you to say, calling it a team effort with my editorial assistants would be an understatement haha.

Version up here:

https://rohangrey.net/files/Grey-DigitalFisc-Draft-Mar11.pdf

lucastosborne.bsky.social•4 days ago

📌

ajboyack.bsky.social•4 days ago

Looks fascinating! I’d love to read it!

rohangrey.bsky.social•4 days ago

just emailed!