I think the less fracking there is, the better it is for the economy and society.

I think the less fracking there is, the better it is for the economy and society.

In order to be an economist these days, you have to participate in this fairytale that somehow we can recover and still make the banks rich. And it is a fairytale.

Nothing could be better for the economy than to get rid of fracking.

The myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really want is for new buyers to be able to borrow enough money to buy the houses from mortgage defaulters, and thus save the banks from suffering from more mortgage defaults.

Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.

On the flat tax, the more you compress the tax rates, the more you untax where the income is really made, at the top of the pyramid.