Many people have only ever experienced inflation: when goods and services become pricier and their money becomes worth less. Deflation is just the opposite. Things cost less and there's less money in circulation, too. Consumers are afraid to spend their money and companies become hesitant to make investments. This creates a downward spiral that threatens people's very livelihoods.
For more information and videos go to:
http://www.dw.de/program/made-in-germany/s-3066-9798
