This Odd Lots podcast episode features a debate on the Jones Act, a US law requiring goods shipped by water between US points to use US-built, crewed, and flagged vessels. The debate includes arguments for (economic and national security benefits, job creation) and against (high shipping costs, hindering domestic trade) the Act. Specific examples cited include higher shipping costs to Puerto Rico compared to neighboring islands and the challenges faced by New England in accessing affordable natural gas due to the Act's restrictions. The discussion highlights the strong opinions and political complexities surrounding the Jones Act, leaving listeners with a clearer understanding of the arguments on both sides. The hosts conclude that while US shipbuilding is important, the current structure of the Jones Act may not be effective.
