Mankiw the Ultimate Inflationist

I can't think of any economist that is as great a current day inflationist as Harvard Professor Greg Mankiw. Here's his latest astounding comment:

As to the Fed announcing a commitment to a moderate amount of inflation, let me point out that according to many macroeconomic historians, the abandonment of the gold standard was the most useful thing that the federal government did to get the country out of the Great Depression. A commitment to producing a moderate amount of inflation would be the modern equivalent of that act.

The most useful thing to do to get the country out of the Great Depression? A relatively steady money supply, which would be the result of a true gold standard, would eliminate the business cycle. F.A Hayek received the Nobel Prize for this insight.

Going off of the gold standard resulted in a strong restraint, against government money printing, being removed.

When the hyper inflation hits, as result of the goading of Mankiw and the like, will he resign his position at Harvard? It would be the honorable thing for him to do.