No Rustico, that can only happen if inflation makes its way into wages. That is the key and will not happen unless you really believe that we will all get a 100% raise virtually overnight. I assert that your job will be quickly outsourced if it suddenly requires that you need twice the salary to meet living expenses.

This is called pushing on a string because the Fed cannot control where the excess liquidity will go.

Deflation is where we are headed. The hyperinflation in a sense has already happened in the form of M3 credit resulting in the .com and RE bubbles.