Seth Ackerman

116 Articles by: Seth Ackerman

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Seth Ackerman is an editor at Jacobin.

Why Do We Even Need Private Banks?

Since Silicon Valley Bank’s collapse, some commentators have been waking up to the need for a socialization of deposit-taking banking. They’re right — but the same logic leads to a more radical conclusion: a fully socialized capital market, with no private banks.

Don’t Forget to Worry About Inflation!

Throughout the inflationary years of the 1970s, nearly half of Americans saw rising prices as the most important problem facing the country. Today, despite the best efforts of inflation alarmists, only 5 percent of Americans think it is.