No, we are not headed to hyperinflation. Hyperinflation is hyperventilation. I don't understand why people look to CEOs for wisdom on things outside of their ex

No, we are not headed to hyperinflation. Hyperinflation is hyperventilation. I don't understand why people look to CEOs for wisdom on things outside of their expertise. In fact, those who perform at a very high level tend to be poor sources of knowledge about things outside of their expertise because most of their attention is focused elsewhere. But in the 70s we had out of control inflation which required 18% interest rates and a very steep recession -- something that broke the backs of unions and severely hurt a lot of poeple. So yeah, inflation is something that we should be worried about without treating it as an existential crisis leading to the collapse of the currency. I really wish people would tone down with turning everything into a crisis in order to terrify the population into accepting their preferred policy mix. This politics of terror is corrosive to the national discourse and results in bad policies.