LOL!
It's called puppy "zoomies" or puppy frapping. Yes..all healthy puppies do it and it's very normal.
Instead of letting him run willy-nilly on the rampage...see if you can engage him in a game of retrieving. Throw a stuffed animal or ball or tug rope, and see if he will bring it back to you. Give him the command "drop it" or "give" or "out" (or whatever you want to use)...and get him to drop it so you can throw it again.
He just needs to get that energy out...and it will come out one way or the other. Geezzz...I miss having a puppy.
Gina