Wednesday, June 23, 2010

The Jones Act and Its Visible Victims

"The bottom line lesson is nothing good can come from trade restrictions except windfall gains by a small group of beneficiaries, shipping companies and their unions that come at the expense of a much larger number of people -- customers who ship and passengers who travel. The only good news is that the Gulf disaster is making the victims of such restrictions (like the Jones Act) visible."

~Walter E. Williams

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