The Mickey D Economy and Inflation

The average American's ability to improve their condition has been heavily reliant on borrowing rather than earnings, leading to a significant increase in federal debt. The surge in interest rates and inflation is attributed to excessive spending during the Trump and COVID era. The concept of the 'Mickey D economy' highlights that a large percentage of Americans consume fast food at places like McDonald's, where prices have significantly increased. The rise in prices for items like French fries, McNuggets, and McChicken has far outpaced the consumer price index, affecting Americans' daily experiences and contributing to the overall feeling of inflation.