Senator salary down 65 percent due to Fed inflation

Federal Reserve’s increases in the money supply have decreased the value of senate salaries by about 65 percent since 1998, when measured in commodities. 14 years ago, senators earned about $138,000, or the equivalent of about 137 “commodity baskets.” They now earn $174,000, a 27 percent increase, but those dollars are only worth 48 baskets. Senators need a raise in dollars and they need to audit Federal Reserve. Read the article.