[gph1]

QE is not inflationary. Not only is it not money printing, but money printing =! inflation. This has been demonstrated over and over again.

Moreover, your hyperinflation concerns amount mostly to conspiracy theory. Hyperinflation occurs generally after very specific and exogenous shocks, such as a collapse in productivity or huge amounts of debt denominated in a foreign currency.

Demand-driven inflation occurs when the supply of money in the system outstrips the economys productive capacity to absorb it. Given that we are in a situation of huge slack capacity utilization and 8% unemployment, demand side inflation ranks just about last on the list of pressing economic concerns.