This is flat wrong and deeply ignorant of historical economic reality. A government that simply prints (or digitally creates) more money instead of gaining as much as it can of it from reasonable taxes or borrowing will indeed absolutely create an inflationary spiral that can only be stopeed by stopping these activities. Price controls against "profiteering" will do nothing against this except get a large number of people in legal trouble simply for the "crime" of adjusting their prices to reflect wider economic reality (prices for every single one of their won costs and inputs going up for the same inflationary reasons). Black markets would simply explode and any such price controls would simply be ignored under heavy inflation, and especially under the fantastically destructive conditions of hyper inflation. You have no idea what you're talking about with this statement in particular.