If the current situation was not due to the rich hoarding resources but localized within a country that is mostly self sufficient, and the government was working towards redistribution of wealth, it could, assuming a benevolent government and empathy. Those steps could help prevent something like the Argentinian situation a couple of decades ago, where people would joke that they had to pick their salary with a wheelbarrow, due to the inflation being so high, they were paid millions, but those millions would not be enough to buy the bare necessities.
If the current situation was not due to the rich hoarding resources but localized within a country that is mostly self sufficient, and the government was working towards redistribution of wealth, it could, assuming a benevolent government and empathy. Those steps could help prevent something like the Argentinian situation a couple of decades ago, where people would joke that they had to pick their salary with a wheelbarrow, due to the inflation being so high, they were paid millions, but those millions would not be enough to buy the bare necessities.
This is not the case globally, for the record.