Here are two tweets that will make your jaw drop.
The former head of the Zimbabwe central bank sympathized with the Austrian School of Economics.
Former Federal Reserve Chair Ben Bernanke got the idea about quantitative easing from Zimbabwe.
Huh? That’s the claim from Nick Giambruno.
Here are the tweets:
1/2: One time I met Gideon Gono, former head of the Zimbabwe central bank (his name is on the $100 trillion bill).
Shockingly, he knew all about and even sympathized with Austrian economics.
So, why did he print so much money to cause hyperinflation? pic.twitter.com/75UAF92quk
— Nick Giambruno (@NickGiambruno) August 19, 2020
2/2 He claimed he was effectively forced to do so by the military.
This is hardly unique to Zimbabwe. When push comes to shove, the rulers of any country would do the same of their central bank.
Gideon even said that Bernanke got the idea of QE from him!
— Nick Giambruno (@NickGiambruno) August 19, 2020
This has to be a joke, right?
Either way, a central banker in charge of destroying a currency sympathizes with a sound money philosophy and Bernanke copying QE from that same person is riveting.
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