It's true. His dad was Carlos Hudson, who was imprisoned in 1941 with 
other leading Trotskyists under the Smith Act. He was known to his 
comrades as Carl O'Shea. Here's a letter by Trotsky that mentions him: 
https://www.marxists.org/archive/trotsky/1940/08/letter10.htm

On 3/26/16 3:05 PM, Eugene Coyle wrote:
> The introduction to a post on Counterpunch — a conversation between
> Michael Hudson and Chris Hedges has the opening remarks pasted here:
>
>> CHRIS HEDGES: We’re going to be discussing a great Ponzi scheme
>> that not only defines not only the U.S. but the global economy, how
>> we got there and where we’re going. And with me to discuss this
>> issue is the economist Michael Hudson, author of Killing the Host:
>> How Financial Parasites and Debt Destroy the Global Economy. A
>> professor of economics who worked for many years on Wall Street,
>> where you don’t succeed if you don’t grasp Marx’s dictum that
>> capitalism is about exploitation. And he is also, I should mention,
>> the godson of Leon Trotsky.
>
> That last sentence was a real surprise to me.  Can someone
> elucidate?
>
> The conversation itself was a sad confusion.  Hedges was up to it and
> Hudson wasn’t able to keep things on track.
>
> the URL:
> http://www.counterpunch.org/2016/03/25/the-great-ponzi-scheme-of-the-global-economy/
>
>
>
> Gene
>
>
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