Exactly.
Inflation won’t “peak” until the morons who caused it reverse course... but they’re just doubling down.
After they’re gone it’ll probably take years to resolve - like the 70s - except this is much worse than the 70s, so it might not resolve at all save for something huge.
Also, leaders and the electorate in the 70s weren’t certifiably insane.
Plus in reality, at least someone who follows von Mises, would argue governments love inflation as it makes debt payment less painful. They would never say that directly, but indirectly by parroting on “inflation is better than deflation”.