Can’t Afford a Vacation? Blame the Fed.

By Ron Paul

According to data collected by the research firm Statista, 29 percent of Americans cannot afford to take a vacation this year. A vacation is not the only thing Americans are struggling to afford. The failure of wages to keep up with price inflation is why household debt hit a record level of 18.4 trillion dollars this year, with the average household owing more than 100,000 dollars.

The Federal Reserve is responsible for the decline in American living standards and the rise in income i...