#73 Robert Hockett: Spreading The Fed & Why Wicksell Matters (part 1)

Patricia and Christian talk to Professor Robert Hockett about his roots as a scholar, the man he describes as "the most important economist you've never heard of", and about digitising the dollar.   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417   Our episode on understanding endogenous money:  Episode 43 with Sam Levey: https://www.patreon.com/posts/35073683   Our episodes on understanding government bonds with Dr Steven Hail:  Episode 30: https://www.patreon.com/posts/29621245 Episode 31: https://www.patreon.com/posts/29829500   Robert's articles: On Knut Wicksell: https://www.forbes.com/sites/rhockett/2020/10/26/modern-pre-modern-or-post-modern-money-a-brief-guide-for-the-perplexed/amp/#click=https://t.co/BonZ1NY19m Discussion on the above article: https://twitter.com/rch371/status/1320765097246117890?s=20 Spread The Fed, Part I: https://lpeproject.org/blog/spread-the-fed-part-i/ Spread The Fed, Part II: https://lpeproject.org/blog/spread-the-fed-part-ii/   Robert's books:  Money from Nothing: https://www.publishersweekly.com/978-1-61219-856-9?fbclid=IwAR1gIK5rP6dshLqO-pvSouJfBHw7uvYbEr9TqOtG-lZ48BMAwVts8LAD46g  Financing the Green New Deal: https://www.palgrave.com/gp/book/9783030484491?fbclid=IwAR0ZJMz7EsBF1WhnDZOHsoHjJwDrcV_1CAhw79N8WjbKGK_KUTKYHfK_HlI#aboutBook   Robert's paper: The Fed's Municipal Liquidity Facility: Community QE at Last: http://www.global-isp.org/wp-content/uploads/PN-120.pdf   Transcript for opening monologue: https://www.patreon.com/posts/43321843