In this paper, I give a metaphilosophical analysis of the core idea of defl
ationism by discussing some basic conceptual and methodological issues invo
lved in the debate between deflationism and substantivism. In so doing, I a
rgue for three positive points. First, the crux of the dispute between defl
ationism and substantivism is whether or not truth is substantive in its me
taphysical nature and in its explanatory role in philosophical enterprises,
rather than whether or not a minimal approach regarding conceptual resourc
es is taken to explain truth; a minimal approach itself is philosophically
innocent. Second, there is no intrinsic connection between the core idea of
deflationism and the Tarski-style equivalence thesis, which is often ident
ified as implying or supporting the former. Third, there are some unbridged
fundamental gaps between the core idea of deflationism and various redunda
ncy theses; these redundancy theses cannot be identified as the former, nor
can they be used to justify the former on their own.