Deflationist Truth is Substantial

Deflationism is usually thought to differ from the correspondence theory over whether truth is a substantial property. However, I argue that this notion of a ‘substantial property’ is tendentious. I further argue that the Equivalence Schema alone is sufficient to lead to idealism when combined with a pragmatist theory of truth. Deflationism thus has more powerful metaphysical implications than is generally thought and itself amounts to a kind of correspondence theory.