The Mises Institute is proud to announce that Dr. Steve Hanke, professor of applied economics and founder and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at the Johns Hopkins University in Baltimore, has accepted a new position as Senior Distinguished Fellow at the Mises Institute. 

Bureaucrats are well known for their economic illiteracy, but few have displayed it with such glaring buffoonery as Bill Pulte, the current Director of the Federal Housing Finance Agency (“FHFA”) and a Trump nominee.

Typical examples of Pulte’s irritating squeaks are pasted below from his Twitter account.

“The researchers added the chance of a return to near-zero rates ‘remains significant over the medium to long term…due to recent elevated uncertainty.’” In Fedspeak, “uncertainty” means “bad economy.”

UPDATED: On the second day since the Republicans raised the debt ceiling, the federal government added another 43 billion to the previous day’s $355 billion increase. The $43 billion in itself is a very large increase, and this brings the new two-day deficit total to a remarkably $409.95 billion. That’s a debt that’s nearly the size of half the Medicaid budget, all racked up in two days.