To remain true to its purposes, public education depends upon these core conditions: public support, public participation, and mutual accountability between schools and the public. At a minimum, public support of education implies adequate funding in all schools.
In my opinion, yes. Some families do still recognize the importance of education. Having an education means that you can get a good job, a nice car and maybe a big house.
Deflation would be the biggest problem, deflation is the depreciation of money. Another way to look at it is that if you have a surplus of something it will have less value.
