Podcast appearances and mentions of Robert C Hockett

Robert C. Hockett, Professor of law at Cornell law school, joins Class Unity for part 2 of the discussion on money: how it works and how it relates to banking, capital, and investment. He makes the case for a new set of reforms designed to socialize investment. His research lies in the fields of organizational […]

Robert C. Hockett, Professor of law at Cornell law school, joins Class Unity to discuss money: how it works and how it relates to banking, capital, and investment. He makes the case for a new set of reforms designed to socialize investment. His research lies in the fields of organizational financial, and monetary law, and […]

What are central bank digital currencies (CBDCs), and why are banks on Wall Street lobbying against them? Could they be an alternative for average people, or would they create even more problems than they solve? Political economist Radhika Desai is joined by legal scholar Robert C. Hockett to discuss CBDCs, central banks, the Federal Reserve, and the banking system. This is part of Radhika's show Geopolitical Economy Hour. You can watch other episodes of the program here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP

* Biden's Invocation of 14th Amendment Would Neutralize GOP Debt Ceiling Threat; Robert C. Hockett, Edward Cornell Professor of Law AT Cornell Law School; Producer: Scott Harris. * After Title 42 Biden's New Immigration Policies Make it More Difficult for People Seeking Asylum in the US; Kica Matos, President of the National Immigration Law Center; Producer: Melinda Tuhus. * The Fascist Republican Party Declares War on US Democracy, While Imposing Minority Rule; Jason Stanley, Jacob Urowsky professor of philosophy at Yale University; Producer: Scott Harris.

All digital currency is not created equal. Its technology can potentially be used as a force for good or a force of evil. Robert Hockett joins Steve to discuss both. Let's start with the evil. The collapse of FTX, one of the world's largest crypto exchanges, is still sending shock waves through the mainstream and financial media. It seems that only MMTers are unsurprised by it or the chain reaction, as other crypto schemes are tumbling apace. Bob describes how the collapse follows the same pattern as the junk bond bubble of the 80s and the sub prime mortgage crisis in the aughts. Prices are driven up as more people crowd the market, eager to hop aboard a new investment opportunity. You don't need a Ponzi to have a Ponzi scheme. And apparently you don't need to produce anything of value in order to generate huge profits... for a while. “The irony is that in every one of these cases, there is a clue in the name of the product in question that ought to warn you. If it's called a junk bond, there's a reason for that word "junk" being used. And if it's called a sub prime mortgage loan or sub prime mortgage-based product, there's a reason for that “sub prime” term. Similarly with cryptocurrency or crypto assets, one of the most ironical names ever conceived for this kind of product. If the word "crypto" comes into it, then that's a pretty good tip-off that there's something non-transparent about it, that there's something opaque and occluded and difficult to understand about it.” Bob and Steve talk about the development of Central Bank Digital Currency, or CBDC, which will be as safe as a nation's fiat currency—Bob likens it to the introduction of the greenback dollar in the 1800s. None of this is to say that we at Macro N Cheese approve of the Federal Reserve's ideology or actions; a neoliberal system will have a neoliberal central bank. No big surprise there. Robert C. Hockett is an American lawyer, law professor, and policy advocate. He holds two positions at Cornell University and is senior counsel at investment firm Westwood Capital, LLC. His latest bo...

Robert Hockett joins Steve to talk about his latest book, The Citizens' Ledger: Digitizing Our Money, Democratizing Our Future. The episode is right at home in our archive of interviews around the topics of fintech, digital wallets, cryptocurrency, CBDCs, and privacy. We urge our listeners to look up past episodes featuring https://realprogressives.org/podcast_episode/episode-181-cloudmoney-with-brett-scott/ (Brett Scott) and https://realprogressives.org/podcast_episode/episode-123-defining-the-world-of-crypto-and-the-digital-commons-with-rohan-grey/ (Rohan Grey). Just about everyone acknowledges that digital payment systems offer enormous convenience, but we're equally aware they come with a cost – we lose all claim to privacy. Bob presents sound arguments for halting the private takeover of the public commons. “If we think in terms of the commons ... you might say that what the private sector fintech industry is trying to do, and what the private sector crypto industry seems to be trying to do, is to displace actual physical cash; in effect to take away that commons and replace it with a bunch of proprietary fiefdoms.” Cryptopians, as Bob calls them, are touting Bitcoin and other cryptocurrencies as creating some kind of democratic new world of sovereign selfhood. This is patently absurd. Bob makes the case that we could develop a digital system – a digital wallet – with all the attractive attributes of cash, including privacy and universal accessibility. Bob describes a way for individuals to pay, receive, and save, while completely bypassing private banks and financial institutions. He says it could be run by the Fed, the Treasury, or both. The Fed would have new monetary tools that directly benefit people instead of banks. Steve and Bob discuss concerns about government overreach and consider the kinds of regulatory laws that would need to be in place. As for privacy, well, do you have a smartphone with GPS? Are you making purchases online? Or with a credit card? It's already too easy to peer into our lives. Unlike private entities, neither the Fed nor the Treasury are profiting from our transactions. “Obviously it's like a never-ending quest to get our data protected and to prevent overreach by federal agencies ... But all I mean to say is that I don't think that introducing the system introduces new vulnerabilities that aren't already there.” Bob usually has a rosier view than we do at Macro N Cheese, but he always gives us something to chew on. This episode will have you thinking about history, policy, and possibilities. Robert C. Hockett is an American lawyer, law professor, and policy advocate. He holds two positions at Cornell University and is senior counsel at investment firm Westwood Capital, LLC. His latest book is The Citizens' Ledger: Digitizing Our Money, Democratizing Our Future. @rch371 on Twitter

Dan Alpert is an investment banker and a founding Managing Partner of Westwood Capital. He also regularly writes and speaks on big macro-structural issues. Dan joins David on Macro Musings to discuss recent macroeconomic events. Specifically, Dan and David discuss a post-Keynesian account of the global safe asset shortage, the impact of the US policy response to COVID-19, whether inflation will remain a problem heading into 2022, what's driving the ‘Great Resignation', whether capital assets are overvalued, and much more.   Check out Ideas of India: https://www.discoursemagazine.com/tag/ideas-of-india-podcast/, and subscribe to Ideas of India on your favorite podcast app.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Dan's Twitter: @DanielAlpert Dan's Westwood Capital profile: http://www.westwoodcapital.com/ourpeople/daniel-alpert/   Related Links:   *The Age of Oversupply: Overcoming the Greatest Challenge to the Global Economy* by Dan Alpert https://www.penguinrandomhouse.com/books/312886/the-age-of-oversupply-by-daniel-alpert/    *Glut, The US Economy and American Worker In The Age Of Oversupply* by Dan Alpert https://www.thirdway.org/report/glut-the-u-s-economy-and-the-american-worker-in-the-age-of-oversupply   *Inflation In The 21st Century* by Dan Alpert https://scholarship.law.cornell.edu/facpub/1740/   *The Way Forward: Moving from the Post-Bubble, Post-Bust Economy to Renewed Growth and Competitiveness* by Dan Alpert, Robert C. Hockett, and Nouriel Roubini https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1987139   *Marc Lavoie on Canadian Central Bank Policy, Real-time Payments, and the Post-Keynesian Tradition* https://www.mercatus.org/bridge/podcasts/02032020/marc-lavoie-canadian-central-bank-policy-real-time-payments-and-post   David's Twitter: @DavidBeckworth David's blog: http://macromarketmusings.blogspot.com/

Saule Omarova is a professor of law and the director of the Jack Clarke Program on the Law and Regulation of Financial Institutions and Markets at Cornell University. Saule joins Macro Musings to talk about the prospects of an emergency fiscal facility, as well as a broader vision for a National Investment Authority. Specifically, Saule and David discuss the need for a third public finance agency, what the mandate of such an authority would be, and how the agency would be structured and held accountable. Saule also answers common objections to her vision such as the potential institutional redundancies, as well as how to prevent cronyism and excessive politicization.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Saule’s Twitter: @STOmarova Saule’s Cornell profile: https://www.lawschool.cornell.edu/faculty/bio_saule_omarova.cfm   Related Links:   *Data For Progress: A National Investment Authority* https://www.dataforprogress.org/a-national-investment-authority   *Why We Need a National Investment Authority* by Saule Omarova https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3566462   *The People’s Ledger: How to Democratize Money and Finance the Economy* by Saule Omarova https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3715735   *What Kind of Finance Should There Be?* by Saule Omarova https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3544103   *White Paper: A National Investment Authority* by Saule Omarova and Robert C. Hockett https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3125533   *The Money Problem* by Morgan Ricks https://www.amazon.com/Money-Problem-Rethinking-Financial-Regulation/dp/022633032X   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Robert C. Hockett is the Edward Cornell Professor of Law at Cornell Law School and was one of the key architects of one of the most discussed policy proposals of our time, the Green New Deal. His new book “Financing the Green New Deal: A Plan of Action and Renewal” which includes a foreward by Representative Alexandria Ocasio-Cortez's former Chief of Staff Saikat Chakrabarti, looks at how to structure funding for the groundbreaking proposal in a way that could make it possible to execute. Join us for a look at the Green New Deal with one of the people who wrote it in this installment of Leonard Lopate at Large on WBAI.

One of the most exciting proposals to emerge from Washington in a long time is the Green New Deal, a kind of legislation that would have been best implemented some 40 years ago when climate scientists at Exxon knew of the dangers of fossil fuels (that actually goes back to the 1950's), and others such as NASA's climate scientist, James Hansen, knew the danger we were facing.  He was made famous for his testimony before Congress on his findings in 1988.  The Congress, on the other hand, was made infamous for their inaction.  In a last-minute change in which guest, Robert C. Hockett, adviser on the Green New Deal to U.S. Congressional Representative from NYC, Alexandra Ocasio-Cortez, couldn't be available, MItchell reads portions of the GND Proposal and offers comments and solutions, referencing some colleagues and some of ABW's business affiliations such as with Zoetic Global, Ethical Markets and the Drawdown Organization. While the situation is dire and our sobriety about it is the best option, there are massive solutions at hand which the GND can help to implement with government funding relatively quickly, as the ice is melting under our feet as we speak --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/abwmitchellrabin/support