Abstract
Approaches to truth and the Liar paradox seem invariably to face a dilemma: either appeal to some sort of hierarchy, or declare apparently perfectly coherent concepts incoherent. But since both options lead to severe expressive restrictions, neither seems satisfactory. The aim of this paper is a new approach, which avoids the dilemma and the resulting expressive restrictions. Previous approaches tend to appeal to some new sort of semantic value for the truth predicate to take. I argue that such approaches inevitably lead to the dilemma in question. In contrast, the present proposal sticks with classical semantic values, but allows the compositional rules associated with these to admit of exceptions. I show how such an approach can be developed systematically.