Of course, they should.
The possibility of price inflation accelerating significantly in 2016 is very strong in my view, But that could mean inflation of "only" 5% to 7%. That's not hyperinflation.
When you have a system whereby a central bank can print money at will, the technical apparatus to create hyperinflation does exist, but it doesn't mean a central bank will go to that extreme. It depends upon who is in charge of the money printing and the economic environment at a given time. Matt McCaffrey gets this. A more regular threat to the economy is the central bank created boom-bust business cycle (Which is not always in bust mode!).
Austrians really need to get their act together in understanding the very complex nature of the economy and the many phases that an economy can go through, and not always forecasting imminent doom.
I expect things to be much worse on the price inflation front next year, but this doesn't mean I expect the world to end next year.-RW
There’s More to Money than Hyperinflation
By Matt McCaffrey