The Great Jones Act Debate

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 20 March 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

We finally did it. We finally did an episode on the Jones Act. For years on the podcast, we've been referencing this controversial law from 1920, which places restrictions on domestic port-to-port transport in the United States. But we had never actually done an episode on what it is, why it was created, and why people feel so fervently about either keeping or maintaining it. There are plenty of people who feel that this law is an inhibitor of US growth, because domestic water-based shipment of goods requires a US-flagged, US-crewed, and US-built vessel. And yet the law persists — for over a century now. At our live show in Washington DC, we spoked with the Cato Institute's Colin Grabow (who took the anti side) and the Transportation Institute's Sara Fuentes (who took the pro side). They explained their respective positions on questions of the economics and national security in a lively, heated (but polite) debate.

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1:00.9	Bloomberg Audio Studios, Podcasts, Radio News. Hello and welcome to another episode of the Odd Lots podcast. I'm Tracy Allaway. And I'm
1:21.2	Jill Wisenthall. Joe, this is the big one. We are about to ruin our most long-running joke,
1:26.9	all for this.
1:28.9	What is our next most running joke?
1:30.6	Anyway, yes, we are ruining a lot.
1:32.4	So we've joked for years and years and years about how we should do an episode on the Jones Act.
1:38.0	Because it's come up, obviously, in dozens of episodes.
1:41.4	We actually talk about it quite a bit in different contexts,
	...

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