Although many people don't realize the true meanining of inflation, it is not important as long as we stay consistent. Okay let's assume inflation is an unneccessary increase in the price of goods and services. Well let's get this deflation non-sense out of the way as credit doesn;t dissappear should it be malinvested. The argument for deflation presupposes somehow there is a destruction of "monies" due to malinvestment and or credit defaults.
There are ways to have and continue to benefit from all the excess taking place. Shorting the medium and long bond via (TBT) and (TLT) would and will continue to reward investors handsomely. Other strategies include buying the (GLD) or (SLV) which are gold and silver etfs and inflation hedges. But the best way to hedge and even profit from the ensuing wave of inflation is to own such equities like those in the oil patch, gold and silver miners and those who specialize is select agricultural goods. An easy wasy to play oil is (DBO) which tracks double oil, (GDX) is the gold miners index and (DBA) is double wheat, corn, cotton and soybean futures ETF. I have written my previous articles on my favorite industry, the gold and silver miners in which I highlighted such tickers as (SLW) , (CDE) , (JAG) , (AEM) , (AUY)