When inflation is "merely" bad, a dollar loses half its value in a few years. In hyperinflation, a dollar loses half its value in a few minutes. The former is

When inflation is "merely" bad, a dollar loses half its value in a few years. In hyperinflation, a dollar loses half its value in a few minutes. The former is certainly possible we decide we want to maintain low taxes and big spending after investors stop buying bonds (hard to say when that happens). The latter would mean people have lost faith in the government's ability to carry out even its most basic functions.