Home > Monetary Policy > Newt Gingrich: Bizarro Historian

Newt Gingrich: Bizarro Historian

During the Republican presidential debate Newt Gingrich made one of the more absurdly anti-factual statements of the night, which is saying something. Asked about Fed Chairman Ben Bernanke, Gingrich said,

I’d fire him tomorrow. I think he’s been the most inflationary, dangerous and power-centered chairman of the Fed in the history of the Fed.

Calling Ben Bernanke the most inflationary chairman in Federal Reserve history was especially curious given the debate’s location at the Reagan Library.

What sort of bizarro history is Gingrich championing where high is low and low is high?

Events like these should just remind Chairman Bernanke that he shouldn’t worry about what inflationistas think because they’re just going to make up their own version of events anyway.

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