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The way hyperinflation typically develops is when there is a wage-and-price spiral to, effectively, infinity. 

That is not happening in our case. 

In fact, what is happening is completely consistent with the Kondratieff wave the way it normally operates - which postulates that as one gets toward the end of the plateau phase and into the depression phase, the wages of the average worker stagnate more and more (the opposite of what happens in a hyperinflation) until they finally get to the point of going down more and more, typically in the form of more and more workers losing their jobs (i.e., no income) and the rest getting minimal increases or none at all (but this has also actually spilled well into the depression phase this time because of the topping process due to all the pushing by the Fed due to the law against recessions).