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VIDEO: Economic Cost of Jones Act to Koloa Rum Co
By Video @ 10:45 PM :: 4937 Views :: Jones Act, Small Business

The Economic Costs of the Jones Act

The Cato Institute Published on Dec 5, 2018

For nearly 100 years the Jones Act has restricted the transportation of cargo between two points in the United States to ships that are U.S.-built, crewed, owned, and flagged.

Meant to bolster the U.S. maritime industry and provide a ready supply of ships and mariners in times of conflict, the act has instead presided over a steady deterioration in the number of ships, sailors to crew them, and shipyards to build them.

While failing to provide its promised benefits, the law has imposed a huge economic burden that manifests itself in various ways, ranging from higher transportation costs to increased traffic and pollution.

Learn more at https://www.cato.org/jonesact

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