A Devastated Puerto Rico Must Still Contend with the Jones Act
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 31 May 2018
⏱️ 10 minutes
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| 0:00.0 | This is the Cato Daily Podcast for Thursday, May 31st, 2018. I'm Caleb Brown. |
| 0:10.0 | New estimates place the Puerto Rico death toll following Hurricane Maria at several thousand, |
| 0:15.0 | and yet the Jones Act continues to impose enormous economic costs on the small island. |
| 0:20.0 | Colin Grabo is a trade policy analyst at the Cato Institute. He discusses the Jones Act |
| 0:25.2 | how we got it and why it needs to go away. There is a new study out from in the New England Journal |
| 0:32.1 | of Medicine's a Harvard study it estimates that 4,645 deaths |
| 0:38.5 | approximately can be linked to Hurricane Maria, the hurricane that devastated Puerto Rico and it seems that those |
| 0:46.8 | problems have not gotten any better. |
| 0:49.6 | We have a lot of rules that govern how Puerto Rico deals with the rest of the United States. |
| 0:57.2 | Puerto Rico is not a state, it is a common wealth, a something, what is it, a protectorate, is that right right I believe it's a common wealth yeah so |
| 1:06.9 | to what extent have the extra costs that have been imposed on Puerto Rico by what's known as the Jones Act. |
| 1:18.1 | How have that has that made the death toll larger in your view? |
| 1:21.6 | Well I can't speak to the Jones Act's contributions to this |
| 1:25.7 | revised death toll that's been put out with regard to Puerto Rico. What I can say is |
| 1:31.0 | we know for a fact the Jones Act is an economic burden on Puerto Rico and has been for decades. |
| 1:37.0 | We have numerous examples of costs being inflated because of the Jones Act. So we know that the cost to |
| 1:46.0 | transport aid to Puerto Rico is higher than what it would otherwise be, but as |
| 1:50.8 | far as how that may directly contribute to the death toll, I don't want to speculate on that. |
| 1:56.0 | Okay, so we've had the Jones Act since 1920. |
| 2:00.0 | Yes. |
| 2:01.0 | And what are the technical details that impose costs on U.S. |
| 2:08.5 | ports and the people who consume products that come from U.S. ports? |
... |
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