Upon being told that the people had no bread, Marie Antoinette reportedly responded, “let them eat cake.”
These infamous words were a stark illustration of the French elite’s careless indifference to the plight of ordinary people. Moreover, they likely fueled the anger that sparked a revolution that overturned the French ruling system.Had Marie Antoinette not been so out of touch, she might have had a better choice of words.
Although history doesn’t repeat itself, it does rhyme.
I am bringing this up because recently, modern political, financial, and media elites have made numerous “let them eat cake” remarks.
They similarly reveal how oblivious they are to the average person’s problems as inflation spirals out of control, shortages spread, the stock market crashes, and economic prospects look dimmer by the day.
Let’s look at them and examine what they could mean for the social and political environment in the future… and what you can do about it.
Example #1: Inflation Is Good
First central bankers, the mainstream media, and academia tell you there is no inflation.
Then, when inflation becomes undeniable, they tell you not to worry because inflation is only “transitory.”
Then, when it becomes apparent that it’s not merely transitory, they tell you not to worry because inflation is actually a good thing.
It’s not uncommon to see ridiculous headlines like this:
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