deflation

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deflation:

see inflationinflation,
in economics, persistent and relatively large increase in the general price level of goods and services. Its opposite is deflation, a process of generally declining prices. The U.S.
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deflation

(ECONOMICS) a decrease over time in the general level of prices, coupled with an overall reduction in the level of economic activity, new investment, etc. (compare INFLATION). In modern capitalist economies, in which inflation tends to be endemic, deflation is usually relative rather than absolute, involving a reduction in rates of price increase rather than an absolute decrease in prices.

Deflation

 

the decrease of monetary volume by means of the withdrawal from circulation of excess paper money. Deflation often precedes monetary reforms. Since World War II deflation has most often been encountered as part of the so-called deflation policy of capitalist states, which aims at stopping or decreasing the rates of growth of monetary volume and commodity prices. Deflation is realized through limitation of credits (an increase in the rate of interest, imposition of credit limits), higher taxes, reduction of expenditures for social and cultural needs, a “freeze” on wages and salaries, and other measures carried out by capitalist states. These measures result in a lowering of the rate of economic development, a deterioration in the living conditions of the toiling masses, and an intensification of the class struggle.


Deflation

 

the disintegration of rocks and soils owing to wind action, accompanied by the removal and wearing away of the broken particles. Deflation is particularly strong in those parts of deserts from which dominant winds blow (for example, in the southern part of the Karakumy desert). The processes of deflation and physical weathering result in the formation of eroded cliffs with unusual shapes, such as towers, columns, and obelisks.

deflation

[di′flā·shən]
(geology)
The sweeping erosive action of the wind over the ground.

deflation

1. Economics a reduction in the level of total spending and economic activity resulting in lower levels of output, employment, investment, trade, profits, and prices
2. Geology the removal of loose rock material, sand, and dust by the wind
References in periodicals archive ?
Nonetheless, whether interpreted as a warranted-assertibility theory of truth, or a deflationist, appraisal account rooted in a linguistic ability or technique to endorse legal propositions as justified by the forms of argument, the justificatory aspect of Patterson's view is, at least initially, plausible.
The weak deflationist might reply that even though the last step of this derivation is not valid, there is a sound deflationary argument up to (3), and this is an "acceptable surrogate" for an explanation of the general fact that true conjunctions have true conjuncts (McGrath 1997, p.
be invoked by a deflationist in formulating deflationism or in
The deflationist, however, need not accept disquotationalism, for she need not accept one of its corollaries, viz.
For all he has said, the deflationist view may be correct.
There is a deflationist position on what truth is: the notion is exhausted by a given, specified, mass of "platitudes", each to the effect that if words said (say) things to be thus, things must be that way.
For example, a deflationist will claim that we have no idea how to individuate facts except by reference to the true sentences that "correspond" to them.
Eli Hirsch is a deflationist who maintains that many ontological disputes are merely verbal.
3) Such a view might naturally be called a deflationist view of meaning and content; or more accurately, a deflationist view of meaning that and having the content that, or a deflationist view about the role of truth conditions in meaning or content.
It is argued that it avoids the pitfalls of earlier deflationist views such as Horwich's minimalist theory of truth and Field's version of deflationism.
In a recent article Gideon Rosen (1990 proposes a promising new deflationist interpretation of the possible worlds framework everyone is now so familiar with.
It then goes on to apply that distinction to the necessary a posteriori, and defend the deflationist view.