Depression is Good for Design

Saturday's NYTimes covered a fascinating theory that the best design occurs from the hardest financial times; think Ray Eames, who brought simplicity to a post-depression era world. The article points out that the frivolity of design in the past years could stand to be pared down a bit as we enter into volatile financial times where function reigns.
How will designers, how will you cope with the changing financial times? Have your designs changed--will they change? Read the article here and get back to us.