Well, define hyperinflation first.
You have a recent case history in Argentina...wiped out most of the middle class.
Yeh, so define it. What % per year? Does it have to be as bad as Argentina before we use the term hyperinflation?
If these guys are going to argue over whether we have hyperinflation or not, they ought to at least define what level of inflation they consider hyper, and whether or not every thing has to be inflated or if they just look at certain items, and ignore the rest like the Government does.