This is one of those positional situations where being able to get a read on the players behind you in the hand is imperative. You are correct that cheap cards are dangerous cards, and raising the price is an excellent defensive tool. However, it depends on how many players follow you, and whether you think that any of them would call a big bet that you don't want called. I would have to have a monster in early or middle position. A bit more tempting to posture in late position or on the button. Personally, I have learned that placing bets I DON'T want called is usually a bad idea in general. It seems there's always a donkey who's willing to stay in regardless of the expense or how big a dog they are. Bet the value of your hand, based upon your position, and based upon your evaluation of the opponents behind you.
It's a lot like "protecting your blinds". Even if you feel like someone is stealing, why would you confront them with 84 offsuit? Same here. You want to protect your hand, but not at the risk of all your chips. There's a time to show strength, and a time to wait for a better spot.