Many people are fearing deflation but is this really something to be feared?  Not at all!  If we had an unhampered, free market deflation would naturally occur in the economy!  We would have slowly falling prices because we are more productive and at the same time, real wages are rising!  Today, real wages are falling and the Federal Reserve is slowly eating away our purchasing power via inflation! The deflationary death spiral is a myth and can never happen. Only when government gets involved can a great depression like scenario occur.