Image: Marriner Eccles, easily the most distinguished Chair the Federal Reserve Board has ever been graced by.
Central Banking Theory
These books and papers develop an account of central banking that shows why central banks' indispensable money-modulatory task, acknowledged by all but a few cranks to be critically necessary, cannot be effectively discharged, in an environment featuring endogenous credit-money and pervasive recursive collective action problems, without forthrightly engaging in allocation as well - allocation toward productive as distinguished from speculative uses.
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Columns, OpEds, Occasional Journalism
I'm no Marx or Keynes, but like them I do try to accompany most of my scholarly, policy advocacy, and legislative work with more accessible journalistic companion pieces. Here are some of my regular columns for Forbes, The Hill, FT, and Huffington Post, along with other occasional journalism.
The Green New Deal
The Green New Deal initiative begun in 2018 marked the beginning of a return to ambitious public-private coordination in the cause of rebuilding the American economy along more just, productive, and sustainable lines. Hockett worked with Rep. Ocasio-Cortez and her team from the start on the GND Resolution introduced to Congress in early 2019, then on the initiative's finance plan as well as much follow-up legislation found in the 'Legislation' Module of this site.
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