Hyper-inflation occurs when economies can't put the money to use. When the Great Depression collapsed the economy, FDR unofficially took the USD off the gold standard because we needed monetary policies to save us, and it worked, but we adopted Milton Friedman's quantity theory of money during the 1970's stagflation. The math equation applied to Friedman's theory was incorrect, yet we continue to believe in it.

The housing market is intentionally inflated by the banks, but supply and demand impact market inflation. The pandemic shattered the global economy, and things aren't going to be stable for a while, but if the Fed hadn't stepped in, we'd be in some deep sh*t.

Also, Chile's economy dipped because Chileans elected a socialist president, and foreign investors fear wealth redistribution. Ugh. There are so many components to economics and we don't understand the entirety of them, but I think our ignorance is intentional.

Thanks!