Very US-centric view, in my opinion.

US inflation has been delegated and pushed down the throats of all the other nations that don't have much choice but to use Dollars as reserve currency.

Yes, the can has been pushed down the road and out of the US.

But yeah, I agree that doomism is a naive worldview. The rich and smart are resilient enough to find a new local equilibrium until the next crisis destabilizes things again... the poor are suffering just a little bit more each time. The middle class gets eroded at every crisis.