Buy Gold and deep out-of-the-money S&P500 put options. Buying top-quality bonds (they usually soar during periods of crisis) to generate income is also a solution. And pay all your debts now, if you can.
And, oh yeah, I almost forgot, making money consistently in the stock, futures or Forex market is by far the best way to beat ANY kind of inflation and live worry-free!
I worry about inflation but not deflation. I think deflation would be a good thing for me. Governments sell inflation as a good thing for the economy when in reality inflation is only good for debtors. I would want to hold cash going into a deflationary depression and buy real assets when I felt a bottom had been reached. But who knows when a bottom has been reached? I would likely guess wrong, like so many others, and loose.
I think helicopter Ben already proved that the US will print as many dollars as needed. That is the luxury of being a world super power. Inflation will come first.
What super power? The US is now the biggest debtor on earth, unfortunately. For example if China or Japan try to cash their US Treasury bonds in full, game over!
Biggest debtor .......and living like a pimp! Every nation in history who has gained leader stature has abused this priviledge. China has the potential to survive of it's domestic economy, but that can't be realized within a generation ( imh..armchair economist generalization). They are too dependent on the export "juice" to the US. it's just sabre rattling. Anyways, way out of my depth now... Deflation can't happen. The Great Recession would have been "the big one". And, we avoided it. Praise Ben and villify Janet for future inflation.
Every financial "crisis", including but not limited to the Great depression, has been deliberately created by the elite. The scheme is always the same : create a "problem" from scratch and then propose a "solution" to the sheeple, er... I mean the people.