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The two theories address different questions: where Peirce spoke of belief, the deflationists often speak of warranted assertion (332-3).
Deflationists about truth seek to undermine debates about the nature of truth by arguing that the truth predicate is merely a device that allows us to express a certain kind of generality.
In Nulty's view these deflationists eschew the metaphysics associated with the robust views of truth, and highlight its logico-linguistic nature, best expressed in the Disquotational Schema: 'P' is true if and only if P.