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Background Briefing with Ian Masters

July 15, 2025 - Robert Hockett | David Halperin | Matthew Hongoltz-Hettling

Background Briefing with Ian Masters

Ian Masters

News

4.7622 Ratings

🗓️ 15 July 2025

⏱️ 62 minutes

🧾️ Download transcript

Summary

Trump Escalates His War Against the Fed and Its Chairman Jerome Powell | The Consequence of the Supreme Court Allowing Trump to Continue Dismantling the U.S. Department of Education | What is Behind the War Inside MAGA Over Not Releasing the Epstein Files As Promised? Music: Carla Bozulich - Glass House Elodie Lauten - Despair Postlude backgroundbriefing.org/donate twitter.com/ianmastersmedia bsky.app/profile/ianmastersmedia.bsky.social facebook.com/ianmastersmedia

Transcript

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0:00.0

Hello and welcome to background briefing, available 24-7 at background briefing.org, I'm Ian Masters, and today we'll examine a number of stories and

0:21.5

issues in the news.

0:23.1

We'll begin with Trump's escalating war against the Fed and its chairman, Jerome Powell,

0:27.8

and look into how Trump wants to follow the disastrous path of dictators he admires, Hungary's

0:33.1

Orban and Turkey's Erdogan, who took political control of their central banks, causing rampant

0:38.3

inflation and soaring interest rates. Joining us is Robert Hockett, the Edward Cornell Professor

0:44.2

of Law and Finance, and a professor of public policy at Cornell University, who has had

0:49.1

first-hand experience working at the International Monetary Fund and the Federal Reserve Bank

0:54.0

of New York and continues

0:55.8

to consult for a number of U.S. federal, state, and local legislators and regulators.

1:01.2

He drafted Representative Alexander Ocasia Cortez's Green New Deal, resolution for the House

1:06.4

of Representatives, and officially advises her on economic policy. His latest books are money from nothing or why

1:12.6

we should stop worrying about debt and learn to love the Federal Reserve, financing the Green

1:17.8

New Deal, a plan of action and renewal, the Citizens Ledger, digitizing our money, democratizing our

1:23.4

finance, and most recently spread the Fed Fed distributed central banking for productive monetary policy.

1:30.7

Then we'll assess the consequences of the Supreme Court decision to allow the Trump administration

1:35.7

to resume dismantling the United States Department of Education. Joining us is David Halperin,

1:42.4

a co-founder and editor of Republic Report.

1:45.2

He was previously a senior policy advisor for Howard Dean's presidential campaign,

1:49.7

founding executive director of the American Constitutional Society,

1:53.4

White House speechwriter and special assistant for national security affairs

1:56.5

to President Clinton and counsel to the Senate Intelligence Committee.

...

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