A dangerous 'stability' sets in. People invest in land, cash and, the more daring, in bonds. Banks do the same. In such times, ideologies are the first victims. They are replaced by philosophies and worldviews.
People become much more pragmatic.
They look to the possible rather than to the ideal. Communism is replaced by Socialism, Capitalism replaces Free Marketry. Perhaps this is the only good outcome of deflation. The CER Music Shop Please E-MAIL US with your comments and suggestions.