more in counterfeit currency and credit into an economy already deathly ill from such treatment. If it goes on, we stand to suffer hyperinflation (all inflation consists of, no matter what they told you in Economics 101, is government generation of phony money) followed by another, very possibly terminal depression. Before it's over, the country — if not the whole world — will be locked down under brutal military rule, and our species likely will never again know freedom, progress, or prosperity." - Meaning and context.">
"The Unnecessary Depression,"http://www.ncc-1776.org/tle2009/tle504-20090201-02.html 1 February 2009.
“

Government is doing the exact opposite of what really needs to be done. George Bush and Barack Obama have pumped trillions more in counterfeit currency and credit into an economy already deathly ill from such treatment. If it goes on, we stand to suffer hyperinflation (all inflation consists of, no matter what they told you in Economics 101, is government generation of phony money) followed by another, very possibly terminal depression. Before it's over, the country — if not the whole world — will be locked down under brutal military rule, and our species likely will never again know freedom, progress, or prosperity.

— L. Neil Smith

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Government is doing the exact opposite of what really needs to be done. George Bush and Barack Obama have pumped trillions more in counterfeit currency and credit into an economy already deathly ill from such treatment. If it goes on, we stand to suffer hyperinflation (all inflation consists of, no matter what they told you in Economics 101, is government generation of phony money) followed by another, very possibly terminal depression. Before it's over, the country — if not the whole world — will be locked down under brutal military rule, and our species likely will never again know freedom, progress, or prosperity." in the context of ""The Unnecessary Depression,"http://www.ncc-1776.org/tle2009/tle504-20090201-02.html 1 February 2009." to mean that wisdom is timeless.

Quote Image
Source: Wikiquote: "L. Neil Smith" (Quotes) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app

About L. Neil Smith

Lester Neil Smith III (12 May 1946 – 27 August 2021), also known by his nickname El Neil, was a libertarian science fiction author and political activist, whose works include the novels Pallas, The Forge of the Elders, and The Probablity Broach, each of which won the Libertarian Futurist Society's annual Prometheus Award for best libertarian novel.