Small amounts of inflation like 2% are necessary because of productivity improvements and full employment. Every year the economy becomes slightly more productive and that means that supply is rising naturally over time. If you print a tiny bit of money then that money can be spent on the excess production and thus companies are encouraged to produce more and employ more people since future prices are always higher than in the past. Think of the opposite. Deflation reduces prices of goods and thus makes it harder to employ people. The coming years can only get worse.
The reason why we have fiat money in the first place is that money has to adapt to us and our economyy, we don't want to adapt to the money.
Ok, now onto the second point. Hyperinflation isn't the same as inflation. Hyperinflation is primarily caused by the inability to exchange currency to purchase basic necessities. If there is a war and all the farmers have died there is not enough bread for everyone. No matter how much paper you have you can't conjure bread out of nothing. The currency becomes worthless, precisely because you can no longer use it for anything useful like buying food. The government/super market will have to import food from a different country. That country uses a different currency. So you either have to borrow the foreign currency or exchange your money into the foreign currency. Money is leaving your economy and being put into foreign people's hands.
Every single coin or bank note that is being printed to e.g. pay back debts or buy food in a foreign currency will instantly turn into inflation and since there isn't enough food for everyone you can never stop the printing press. The bigger and more resilient your economy, the lower the potential for hyperinflation.
The central bank might be doing crazy things but it is not forced to do them. Nobody is putting a gun to their heads and forcing them to do this. If they stopped creating more money the worst thing that could happen is a crash and we had so many of them and lived through all of them that it's really no big deal, compared to hyperinflation.
Small amounts of inflation like 2% are necessary because of productivity improvements and full employment. Every year the economy becomes slightly more productive and that means that supply is rising naturally over time. If you print a tiny bit of money then that money can be spent on the excess production and thus companies are encouraged to produce more and employ more people since future prices are always higher than in the past. Think of the opposite. Deflation reduces prices of goods and thus makes it harder to employ people. The coming years can only get worse.
The reason why we have fiat money in the first place is that money has to adapt to us and our economyy, we don't want to adapt to the money.
Ok, now onto the second point. Hyperinflation isn't the same as inflation. Hyperinflation is primarily caused by the inability to exchange currency to purchase basic necessities. If there is a war and all the farmers have died there is not enough bread for everyone. No matter how much paper you have you can't conjure bread out of nothing. The currency becomes worthless, precisely because you can no longer use it for anything useful like buying food. The government/super market will have to import food from a different country. That country uses a different currency. So you either have to borrow the foreign currency or exchange your money into the foreign currency. Money is leaving your economy and being put into foreign people's hands. Every single coin or bank note that is being printed to e.g. pay back debts or buy food in a foreign currency will instantly turn into inflation and since there isn't enough food for everyone you can never stop the printing press. The bigger and more resilient your economy, the lower the potential for hyperinflation.
The central bank might be doing crazy things but it is not forced to do them. Nobody is putting a gun to their heads and forcing them to do this. If they stopped creating more money the worst thing that could happen is a crash and we had so many of them and lived through all of them that it's really no big deal, compared to hyperinflation.