Whether or not deflationism is compatible with truth-conditional theories of meaning has often been discussed in very broad terms. This paper only focuses on Davidsonian semantics and Brandom's anaphoric deflationism and defends the claim that these are perfectly compatible. Critics of this view have voiced several objections, the most prominent of which claims that it involves an unacceptable form of circularity. The paper discusses how this general objection applies to the case of anaphoric deflationism and Davidsonian semantics and evaluates different (...) ways of responding to it (Williams 1999, Horisk 2008 and Lance 1997). Then, three further objections to the compatibility of these theories are assessed and eventually dismissed (Horisk 2007, Patterson 2005 and Collins 2002). It is shown how these considerations shed light on core issues of the debate. (shrink)