For a few months, I have been working on this paper about why the federal budgeting process is broken and destructive. I'd like to get some input from the MMT community.
The audience I have in mind for this paper is people in/around government who already have some policy background. Ideally this would reach people on Capitol Hill and policy analysts in Washington.
The first part is standard MMT economics, and it should be familiar to most. The second part is the discussion about the current budgeting process, and how it should be reformed/eliminated. It has gotten a little long over time, but please feel free to comment.
In the next few days I will also share a powerpoint deck on how the Fed sets rates.
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