Wealthy San Francisco Fed President Says She Doesn’t Feel “Pain of Inflation Anymore” 

America’s ruling class is beyond decadent. It doesn’t take a PHD in political science to recognize this uncomfortable fact about our politics. 

Working class Americans are currently taking a beating due to rising inflation brought about by the Federal Reserve’s easy money policies. There are consequences to printing copious amounts of money. 

Unfortunately, it’s working Americans who have to bear the brunt of those consequences. 

America’s upper classes don’t have to worry about that in the slightest. 

Just ask San Francisco Fed President Mary Daly. According to ZeroHedge, she makes a cool $422,900 annually. On top of that,  she allegedly “scrambled out of dozens of investments last year shortly before the Fed finalized strict new limits on policymakers’ portfolios.”

So financial problems are a distant concern for Daly.  

During a recent interview with Reuters on Twitter spaces, Daly said “I don’t feel the pain of inflation anymore.  I see prices rising but I have enough… I sometimes balk at the price of things, but I don’t find myself in a space where I have to make tradeoffs because I have enough, and many Americans have enough.”

That’s easy to say when you have a high six-figure salary, something the average American cannot enjoy. 

After each passing day, it’s becoming clear that America’s ruling class has grown detached from the everyday struggles that the country’s working class has to face.

On any given day, one can just tune in to a Biden administration press conference to hear public officials drop “let them eat cake” style commentary about economic affairs. For these people, economic struggles are a distant threat. 

However, the average American has to face the harsh realities of economic stagnation. This scenario can only go on for long. Eventually, the people will have had enough and start lashing out. An economic system that privileges the politically-connected and the managerial classes can only keep this scam running for so long. 

A national disaster can still be avoided if we get a serious change in leadership that takes on the Fed and guts the regulatory state. 

Hopefully, some will answer the call for bringing about economic sanity soon.