From Wikipedia:Deflation: To reduce by relieving pressure (as, letting the air out of a balloon); to reduce one's high opinion of one's self; to reduce high expectations in general. Ewlyahoocom 00:33, 5 April 2006 (UTC)
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Rfv-sense: does "deflation" mean reduction of the money supply or does it mean only a reduction in the general level of prices, possibly/probably/always caused by a reduction of the money supply. (Same question applies to all kinds of flations in-, re-, disin-, hyperin-.) clear citations needed, even if tendentious. DCDuring TALK 01:51, 17 January 2009 (UTC)
- The disputed definition is "A contraction in the volume of money and credit relative to available goods." Use of the term 'relative to' seems to imply a ratio, leaving open the possibility that the money/credit supply is increasing, but the availability of goods is increasing faster. (It is not clear, to me anyway, that this would necessarily lead to a reduction in prices.) Perhaps the def should be reworded to clarify exactly what is being calculated. Pingku 11:40, 30 January 2009 (UTC)