This paper is an investigation of the relationship between G"odel’s second incompleteness theorem and the well-foundedness of jump hierarchies. It follows from a classic theorem of Spector’s that the relation ${(A,B) \in ^2 : ^A \leq_H B}$ is well-founded. We provide an alternative proof of this fact that uses G"odel’s second incompleteness theorem instead of the theory of admissible ordinals. We then derive a semantic version of the second incompleteness theorem, originally due to Mummert and Simpson, from this result. Finally, we turn to the calculation of the ranks of reals in this well-founded relation. We prove that, for any , if the rank of is , then is the admissible ordinal. It follows, assuming suitable large cardinal hypotheses, that, on a cone, the rank of is .

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