A leading economist has said the White House is “full of lunatics” as debates over the legality of President Donald Trump‘s sweeping tariff plans have resulted in a federal court showdown.

On Thursday, the U.S. Court of Appeals for the Federal Circuit paused a previous ruling from the Court of International Trade (CIT) in Manhattan, which argued that Trump had overstepped his executive authority in imposing the majority of his tariffs.

Commenting on the muted market reaction to these two developments, Justin Wolfers, a professor of economics and public policy at the University of Michigan, said investors had already reconciled themselves to the fact that the current administration is “out of control.”

White House is “full of lunatics” says economist

Professor Justin Wolfers said investors had already grown numb to the actions of the “out of control” administration.