— deflationary , adj. — deflationism , n. — deflationist , n. , adj.
/di flay"sheuhn/ , n.
1. the act of deflating or the state of being deflated.
2. Econ. a fall in the general price level or a contraction of credit and available money (opposed to inflation ). Cf. disinflation .
3. the erosion of sand, soil, etc., by the action of the wind.
[ 1890-95; DEFLATE + -ION ]