Federal Reserve Honcho: I Don’t Feel the Pain of Inflation

If elitists fail to set off a revolt along the lines of the French Revolution — complete with long lines at the guillotines — it won’t be for want of trying. Since its misguided inception, the Federal Reserve has been responsible for a high percentage of economic misery in this country, largely by debasing the currency through inflation. The dollar has lost over 96% of its value since the Federal Reserve took over the banking system in 1913. Mary Daly is president of the San Francisco Federal Reserve Bank. Here’s what she has to say about the pain inflation is inflicting on normal Americans:

“I don’t feel the pain of inflation anymore,” Daly told [Reuters] interviewer Lindsay Dunsmuir. “I see prices rising, but I have enough.”

Our pink, squishy-soft liberal ruling class has enough. That’s what counts. The rest of us should stay poor or be made poor, so that we don’t get uppity and challenge their authority.

Daly, who brings in over $420,000 per year in return for her dubious services to society, elaborates:

“I see prices rising, but I have enough that I can make substitutions … I’m not immune to gas prices rising, food prices rising, I sometimes balk at the price of things, but I don’t find myself in a space where I have to make trade-offs because I have enough — many, many Americans have enough,” she added.

True enough, there are lots of people like Daly. But there are a lot more who maybe don’t have enough to keep a roof over their heads under Biden. Almost two thirds of Americans now live paycheck to paycheck, with the economy becoming more unstable by the moment due to ham-fisted, incompetent, and often flat out malevolent Democrat rule.

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