In our approach, the money supply is based on Barro (1979), who pointed out that "It is frequently argued that the
deflationist tendency of the gold standard can be countered by supplementing the world's gold stock with some form of paper gold.
Many philosophers believe that a
deflationist theory of truth must conservatively extend any base theory to which it is added (roughly, talking about truth should not allow us to establish any new claims about subject-matters not involving truth).
Frequently charged with being a
deflationist, Ricardo however conceived a plan that would reduce the degree of monetary contraction necessary to return to gold.
By appealing to a
deflationist theory of truth, the quasi-realist accommodates moral truth.
He's a well-known economist who was formerly an outspoken bearish
deflationist.
This together with the strong decrease of inflation under 1% to the end of the year put pressure upon the European Central Bank (ECB) to adopt some measures of strong economic re-launch in order not to fall in the
deflationist spiral according to the Japanese model.
Cyprus annual harmonized inflation in August marked a significant decline, showing
deflationist tendencies due to the continuing economic downturn.
A
deflationist says that "reality lacks ontological structure" (v), and (some of) the ontological debates are not substantive.
Junqueira Smith posits that the ontological question is associated with the one regarding the "nature of truth." In ontological questions the contemporary skeptic is a kind of
deflationist (the contemporary skeptic accepts the existence of many types of entities or objects and the occurrence of facts or events).
The
deflationist's focus on bank credit deflation is misplaced because of a basic misunderstanding of how credit affects prices.
For instance, an actual GDP higher than a potential GDP induces pressures on price increase, transmitting thus an inflationist impulse (the effect is not symmetrical, an actual GDP lower than a potential GDP will not transmit a
deflationist impulse to the economy).
The
deflationist school has primarily two arguments.
