Newsblog: Market patriotism
Reich: Just before the terrorist attack, the prudent thing for most families to do was to trim their budgets somewhat, pay down more of their debts, and put a bit more of their savings into bonds. After the terrorist attack, that’s still prudent behavior.
I agree. But our leaders are also missing an opportunity to encourage the citizenry to “go deeper” — to use this time for reflection and civic involvement rather than spending our way to the cake of happiness, only this time with patriotic frosting.