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I came across a word in my Chambers dictionary that struck me as odd: reflation. The def. is: "n increase in the amount of currency, economic activity, etc. after deflation; a general increase, above what would normally be expected, in the spending of money. --vt (back-formation from n) reflate. --adj reflationary"
Is this a term used in Britain? I don't recall hearing of it before. It makes perfect sense, which is no doubt why it struck me as odd.
what's inflation then? can you have re-inflation?
formerly known as etaoin...
Yes, Jackie - the word is common over here (on the financial pages, at least!)
It is, to some extent, a compound of inflate and re-inflate, but inflation has a bad (ish) connotation - that the money supply is getting out of hand (not in the Rhubarb patch, it ain't !!) whereas reflation has the connotation of things returning to normality, stability or whatever.
Thank you.
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