September 26, 2017

THE PLOT TO KEEP PUERTO RICO POOR:

What's wrong with the outdated, anti-competitive, protectionist Jones Act? Just about everything ..... (Mark J. Perry, 9/26/17, AEI)


.... is the conclusion of a new article by North Carolina State economics professor Thomas Grennes titled "Does the Jones Act Endanger American Seamen?" in the Fall 2017 issue of Cato's Regulation Magazine:

Requiring Americans to use American-built ships on domestic routes increases shipping costs in the short-run and reduces innovation and slows growth in the long-run. In addition, the Jones Act makes the American-flagged fleet older and less safe than it would otherwise be. Instead of producing a stronger merchant marine, the Jones Act has contributed to a smaller and older domestic shipping industry with more dangerous conditions for American seamen.

Posted by at September 26, 2017 7:02 PM

  

« THE TRIUMPH OF IDEOLOGY OVER REALITY: | Main | DONALD WHO?: »