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Freedom Action of the Week
Email List Archive
Free-Market.Net's F r e e d o m A c t i o n o f t h e W e e k
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Edited by Thomas L. Knapp. To subscribe or unsubscribe to this and
other lists, click to: http://www.free-market.net/features/lists/
----- Featured Action of the Week -----
Third Week of September, 2001:
It's Market Day
You won't be surprised that this week's action is inspired by the attacks
of September 11th on the World Trade Center and the Pentagon. It seems
likely that all of us will be dealing with the fallout from those attacks
for some time to come politically, financially and personally.
One of the striking aspects of these terrorist acts was their primary
target: the twin towers of the World Trade Center, perhaps the most visible
symbol of capitalism and commerce in the world. The attacks shut down the
stock market for the longest period since the Great Depression. The market
re-opened on Monday morning, and was substantially down as of this writing.
This week, I'm going to ask you to invest in America. I am not a financial
advisor, and I'm not going to tell you to buy any particular stock; nor
will I tell you that you'll make money. I _hope_ you make money, but that's
not what
this is about.
Some commentators have said that these events could tip the United States
(and the world with it) into recession. That seems a distinct possibility
-- but to the extent that it happens, the terrorists win. They can, and
will, take credit for every penny that comes off the Dow Jones Industrial
average or the S&P 500.
The physical targets of the attacks were buildings and human lives, but the
real target was something even more vulnerable: the economic freedom which
lifted the world out of the Middle Ages.
With the exception of the World Trade Center and some of the surrounding
buildings, America's industrial and economic plant is still intact. With
the exception of the innocent victims who were murdered last Tuesday,
America's workers are still producing goods and services that make the
world a much better place. We're still here. We're still working. The
terrorists can only take that away if we let them.
We must not do that.
The subscribers to this list are a relatively small group, but you're also
leaders and exemplars. What you do -- and what you tell others -- has an
effect, and I hope you'll pass the message on.
Buy. Buy now. Buy what you can afford to. If you're a day trader or
professional investor, don't let fear override what you know about the
business. If you're vested in a mutual fund portfolio or IRA, put more
money in rather than letting panic cause you to withdraw your funds. If
you've never owned a share of stock in your life, it's time to change that.
----- Alternate Actions -----
The Freedom Action of the Week Club: Commit yourself to doing one
action per week. If the action above doesn't appeal to you, consider
one of the alternate actions at:
http://www.free-market.net/features/action/
If you know about another action or organize one of your own, e-mail
Tom at tlknapp@free-market.net so we can tell the rest of the group
next week.
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