> (no one under 50 has really witnessed it in their adult life)

Akhem, there are places outside America. I still have the postage stamps for 100,000 monetary units from the late 1980’s and early 1990’s Yugoslavia in my mom’s basement somewhere.

My parents’ tales of ridiculous mass inflation have been etched into my brain. I was too young to remember, but the spectre loomed large. Especially in the mid 1990’s when the rest of Yugoslavia set the world record for monthly inflation that still stands today. Luckily we were our own country with our own money by then.

At one point hyperinflation reached 2% per hour.

https://en.wikipedia.org/wiki/Hyperinflation_in_Yugoslavia

I believe many parts of South America are going through high levels of inflation right now.