Big Budget Deficits BULLISH! Redistribution before growth? Inflation Coming!

Big budget deficits are bullish for the stock market.  (Source: any Ken Fisher book)

Government should have promoted GROWTH first then redistribution.   (Source: WSJ 5/7/14, p. A19)   Someone missed the boat on this one.

Inflation is coming!  Food prices are leading off.  Other prices will follow. (Source: WSJ 5/7/14, p. A19)  

Inflation is always and everywhere a result of excessive money growth relative to the growth of real output.  (Milton Friedman)

How do you protect yourself?  I am thinking of a long term SPY put.   HELP!