Once I finish refinancing my 30-year fixed-rate mortgage at a ridiculously low nominal rate, a giant inflationary surprise would probably be in my best interest.  But Scott Sumner says I shouldn’t get my hopes up.  The first and foremost of his “10 Reasons Not to Fear Inflation”:

I am a product of the 1970s, with a visceral distaste for
inflation.  Yet despite the massive budget deficits and doubling of the
monetary base, I am for some strange reason worried about excessively
low inflation, rather than high inflation.  Why?

1.  The bond market shows very low inflation expectations. 
Especially the TIPS spread.  As I have said many times, “good
economists don’t make predictions, they infer market predictions.” 
(It’s fun to create maxims that imply you are almost the only “good
economist” in the world.)

Convinced?