People like Ray Dalio make money on chaos and the doomsaying bullshit. We’ve been at war for 20 years and just did a massive stimulus to avoid economic collapse, inflation is a normal and healthy thing to happen. It’s bad for billionaires with most of their money in cash.
If inflation is a thing, fine, it’s not the end of the world. Don’t accelerate the pay down of debt with fixed interest rates and don’t invest in most bonds.
As an individual, you should lock in longer term interest rates on debt and move your low risk portion of your portfolio away from bonds to cash. If you have variable interest rate debt (credit cards, line of credit, etc) pay it off. If interest rates go up, start dollar cost averaging fixed rate, non-marketable government debt like savings bonds as those rates rise.