Not quite yet, but close.
For hyperinflation to happen, they have to find a way for all those “computer dollars” they gave to the banks to be turned into physical paper dollars, in the publics hands.
That’s why they’re moaning like an old whore over the fact that they can’t stimulate borrowing. People taking on debt is where they convert the fake stuff into the fiat stuff.
But people are debt saturated. And the confidence level is near zero.