Hyperinflation is defined when the inflation rate hits 1,000%.
This happens when:
(1) an increase in money supply not supported by economic growth, which increases inflation
(2) a demand-pull inflation, in which demand outstrips supply.
Biden printing $2 trillion, and then another $4 trillion, and then another planned $4 trillion by the end of the year, injecting it into the money supply during a time of negative economic growth.
Plus a demand-pull inflation, which outstrips supply, which we already seeing. Lots of materials are already in short supply, especially construction materials.
How long until America sees hyperinflation happen?
Already has. Looked at the width of your toilet paper? Opened a bag of chips? Seen the stock market?
Exactly. I point this out when this subject comes up. A bag of chips has more air than food. I remember back in 2008 or 2009 when the size of a normal twix bar was changed to about 60 percent of what one was before. No, I dont eat that shit in case you're wondering.
Murray Rothbard wrote about this when he said consumers will always accept a reduction in quality over an increase in price.