At this point, we are headed for that kind of infation because Free Trade™ has ruined the dollar.
Free trade doesn't increase the dollars in circulation, and therefore cannot 'ruin the dollar'. The dollars acceptance in world trade actually accrues value to the dollar that otherwise wouldn't exist.
A profligate Federal government is ruining the dollar, but some people see the symptoms of that and blame trade itself instead of the manipulators of the currency...