"Let them eat cake" is the traditional translation of the French phrase "Qu'ils mangent de la brioche", supposedly spoken by "a great princess" upon learning that the peasants had no bread. Since brioche was a luxury bread enriched with butter and eggs, the quote would reflect the princess's disregard for the peasants, or at least a complete lack of understanding that the absence of basic food staples was due to poverty rather than a lack of supply.
While it is commonly attributed to Queen Marie Antoinette, there is no record of this phrase ever having been said by her. It appears in Jean-Jacques Rousseau's Confessions, his autobiography (whose first six books were written in 1765, when Marie Antoinette was nine years of age, and published in 1782). The context of Rousseau's account was his desire to have some bread to accompany some wine he had stolen; however, feeling he was too elegantly dressed to go into an ordinary bakery, he recollected the words of a "great princess". As he wrote in Book 6:
Enfin je me rappelai le pis-aller d’une grande princesse à qui l’on disait que les paysans n’avaient pas de pain, et qui répondit : Qu’ils mangent de la brioche.
Finally I recalled the stopgap solution of a great princess who was told that the peasants had no bread, and who responded: "Let them eat brioche."
Rousseau does not name the "great princess" and he may have invented the anecdote, as Confessions was, on the whole, not a very reliable autobiography.
The quotation, as attributed to Marie Antoinette, was claimed to have been uttered during one of the famines that occurred in France during the reign of her husband, Louis XVI. Upon being alerted that the people were suffering due to widespread bread shortages, the Queen is said to have replied, "Then let them eat brioche." Although this anecdote was never cited by opponents of the monarchy at the time of the French Revolution, it did acquire great symbolic importance in subsequent histories when pro-revolutionary historians sought to demonstrate the obliviousness and selfishness of the French upper classes at that time. As one biographer of the Queen notes, it was a particularly useful phrase to cite because "the staple food of the French peasantry and the working class was bread, absorbing 50 percent of their income, as opposed to 5 percent on fuel; the whole topic of bread was therefore the result of obsessional national interest."