Senator salary down 65 percent due to Fed inflation

table showing dollars 27 percent more, commodities 65 percent less, gas 62% lessFederal 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.

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