Michael Nesmith inheritance from his mother's Liquid Paper fortune in 1980 eased those concerns. In a 1980 interview with "Playboy", he said of that time: "I had to start telling little tales to the tax man while they were putting tags on the furniture." While Nesmith had continued to produce his compositions with the Monkees, he withheld many of the songs from the final Monkees albums, only to release them on his post-Monkees solo records. Nesmith did not participate in the Monkees' 20th-anniversary reunion. However, he did appear during an encore with the other three members at the Greek Theatre on September
Michael Nesmith worst record in the history of the world". However, their singles and albums continued to sell well, until the disastrous release of the movie "Head". Nesmith's last contractual Monkees commitment was a commercial for Kool-Aid and Nerf balls, in April 1970 (fittingly, the spot ends with Nesmith frowning and saying, "Enerf's enerf!"). With the band's fortunes continuing to fall, Nesmith asked to be released from his contract, and had to pay a default: "I had three years left... at $150,000 a year", which he had to pay back. He continued to feel the financial bite for years afterward until his