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To: craig crawford who wrote (131795)9/23/2001 6:55:41 PM
From: Glenn D. Rudolph  Respond to of 164684
 
"So what's the answer? There have been some efforts to convince people that it is their patriotic duty to spend money. But I don't think that's going to work: it goes too much against the grain of human nature, against the feeling that tragedy demands sacrifice rather than self-indulgence. And the grass-roots campaign that took place before the market reopened, urging people to buy stock as a gesture of faith in America, has already backfired: anyone who patriotically purchased stocks got caught up in a market plunge that wiped out more than $1 trillion in wealth, while short-selling hedge fund managers who didn't let sentimentality get in the way of business did very well, thank you.

"

The balance of the editorial is good too. It is here:

nytimes.com