 Monetary inflation can become hyperinflation if monetary authorities fail to fund increasing government expenses from taxes, government debt, cost cutting, or by other means, because either

Theories of hyperinflation generally look for a relationship between seigniorage and the inflation tax.In both Cagan's model and the neo-classical models, a tipping point occurs when the increase in money supply or the drop in the monetary base makes it impossible for a government to improve its financial position.Thus when fiat money is printed, government obligations that are not denominated in money increase in cost by more than the value of the money created.