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Yes, the recent inflation is transitory. The hyper-inflation crisis probably starts to arrive in about 20 years, with full crisis mode 30-40 years away.
This is based upon an understanding of the longwave economic cycles.
One of the problems Republicans had in the last election was over-emphasis on inflation, which had already started to abate by election day.
We are still closer to a deflationary crisis (i.e., Great Depression II) than to hyper inflation.
It it were left alone (I can dream!), the economy would regenerate in this part of the longwave, including a historic wave of innovation (similar to those waves at the advent of autos, and later computers).
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At what point does one become the other? While I can keep the checkbook balanced and manage well what little money I do have, anything beyond "the basics" isn't really my forte. Your knowledge would be much appreciated. Many thanks. AFB-XYZ