People are worried about inflation. Some even predict a dollar crash.

COVID-19 surcharges infuriate customers, but experts say dining out is about to get even more expensive 

"At the end of the day, inflation is coming," restaurant industry advisor and investor Roger Lipton told business insider.

• The cost of running a restaurant is on the rise as owners add new safety measures and food costs skyrocket by 38%.
• As a result, experts say that menu prices are likely to substantially increase as restaurants reopen.
• "Nobody wants to lose customers because of their insensitivity to the fact that the consumer is so stretched," a restaurant-industry investor said. "So they're going to very carefully raise prices — because they're not going to lose money." 

Invalid Measure

The price of eating out is not exactly a valid measure of inflation.

What about car rental prices, hotel bills, car prices, plane tickets, etc?

Dollar Will Crash

Economist Steve Roach has the answer to my question with this prediction: A Crash in the Dollar Is Coming.

The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. Then French Finance Minister Valery Giscard d’Estaing coined that phrase in the 1960s largely out of frustration, bemoaning a U.S. that drew freely on the rest of the world to support its over-extended standard of living. For almost 60 years, the world complained but did nothing about it. Those days are over.

Roach Concludes 

Like Covid-19 and racial turmoil, the fall of the almighty dollar will cast global economic leadership of a saving-short U.S. economy in a very harsh light. Exorbitant privilege needs to be earned, not taken for granted.

He cites exploding deficits, the reserve currency, lack of savings, the coming stagflation, and the protectionist policies of Trump, 

In regards to the latter, Trump will be gone in November and I doubt Biden will be worse even though there is a clear global shift towards nationalism and protectionism in both the US and EU. 

Death of the Dollar

We have heard this all before, at least several times a year for the past 20 years or so. 

Hyperinflationists Come Out of the Woodwork Again

On April 14, I noted Hyperinflationists Come Out of the Woodwork Again

I see it differently. On March 5, I wrote a Very Deflationary Outcome Has Begun: Blame the Fed

Will the Fed's Balance Sheet Cause Inflation?

Robin Brooks comes to the proper conclusion. 

"Given the big demand shock we face, hardly a legitimate worry," says Brooks.

What About Asset Bubbles?

Brooks is discussing CPI inflation not to be confused with asset bubble inflation.

Asset bubbles are enormous now. The Fed contributed to them. And yes, they constitute inflation.

Why Isn't the Dollar Collapsing Given Trillions in Printing?