Well, it was yesterday, and to tell the truth he's not the first one to point it out...but I'm happy to see basic factual information prominently displayed in the NYT, and anyway I'm about to agree with Newt Gingrich on something (sorry, you'll have to wait), and so I'm even more eager than usual to reward a little Newt-bashing.
Oh, I need to actually say what it is, don't I: the catch goes to David Leonhardt, for laughing at GOP claims that Ben Bernanke has been, in Newt's words, "the most inflationary" Fed Chair ever. As Leonhardt demonstrates, that's true if you define ever as "except for all the others since Nixon."
As someone who remembers the 1970s (OK, I wasn't all that old, so I remember the baseball parts of it a lot better than the economics parts, but still...), I'm not entirely unsympathetic to Paul Volker's reminder that inflation has a very real tendency to snowball. But that said, deflation can snowball, too, and as Matt Yglesias never hesitates to point out, actual inflation has been running below the Fed's (relatively non-controversial) target, so questions about raising that target are, for the time being at least, not really relevant. And, you know, it's possible that Bernanke has successfully prevented runaway deflation, in which case perhaps he is the "most inflationary" compared to that baseline -- in which case, he deserves credit, not blame (or do the GOP presidential candidates now support deflation? Could be!).
At any rate, nice graphic, and great catch!