Cato Event Podcast The Jones Act: Session II: The Economic Costs of the Jones Act
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. This full-day conference examines these costs in greater detail, discusses the validity of the Jones Act's national security argument, and evaluates options for reform.
Each conference participant has contributed an essay to discuss various aspects of the Jones Act. These essays will be available here to read and share.
Stay up to date about the Jones Act:For: The Jones Act: Charting a New Course after a Century of Failure
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