possibility of disintegration and deflation. This two-way movement of expansion and deflation seems to be the cause of the restlessness of crowds and the uneasiness that goes with wealth. Canetti spends a good deal of analysis on the psychic effects of the German inflation after the First World War. The depreciation of the citizen went along with that of the German mark. There was a loss of face and of worth in which the personal and monetary units became confused.