“
We will not reflate...Past governments have tried that. Past governments have deliberately created inflation in the hope of reducing unemployment. It always finished up with worse inflation and worse unemployment. Mr President, You can't build a secure future on dishonest money. And there is a fundamental truth, from which no government can escape.
— Margaret Thatcher
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "We will not reflate...Past governments have tried that. Past governments have deliberately created inflation in the hope of reducing unemployment. It always finished up with worse inflation and worse unemployment. Mr President, You can't build a secure future on dishonest money. And there is a fundamental truth, from which no government can escape." in the context of "Speech to Conservative Party Conference (11 October 1985)" to mean that wisdom is timeless.
Source: Wikiquote: "Margaret Thatcher" (Quotes, Second term as Prime Minister)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Tags
About Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher (13 October 1925 – 8 April 2013) was a British politician and stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the first female British prime minister and the longest-serving British prime minister of the 20th century. As prime minister, she implemented neoliberal economic policies of deregulation and privatization that became known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style.
About Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher (13 October 1925 – 8 April 2013) was a British politician and stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the first female British prime minister and the longest-serving British prime minister of the 20th century. As prime minister, she implemented neoliberal economic policies of deregulation and privatization that became known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style.
View all quotes →