Jeff Jacoby correctly notes that American arts and letters would flourish without the National Endowment for the Arts. (I’ve never understood how anyone can observe politics for more than five minutes and then conclude that mixing politics with arts and literature will improve arts and literature. Such a belief is akin to the supposition that mixing a few ounces of sewerage with Chateau Pétrus will produce an even finer wine.)
People who choose to export while importing as little as possible will find themselves ill-clad, ill-housed, ill-fed, and possibly dead in short order. How can it be that what is economic wisdom for the individual not apply to a nation? Hint: it can’t!