I'm Caleb Brown, host of the Cato Daily Podcast, and I'd like to take this small bit of time out of your listening to ask you to support the Cato Institute and the Cato Daily Podcast by becoming a podcast sponsor.

Visit Cato.org, slash podcast sponsor. Visit Cato.org

slash podcast sponsor and give a donation in any amount

to support our work.

If you donate a thousand dollars before the end of the year,

I'll give you a shout out on the podcast.

Visit Cato.org slash podcast sponsor to get started.

You can also designate a friend or loved one to receive the benefits of being a Cato

sponsor. Thank you for being a Cato sponsor.

Thank you for supporting the Cato Institute

and the values of individual liberty, limited government,

free markets, and peace.

This is the Cato Daily Podcast for Thursday, December 27th, 2018.

I'm Caleb Brown.

The Jones Act sets up a false promise for its supposed beneficiaries and underappreciated

losses for average Americans.

Brian Riley is director of the Free Trade Initiative at the National Taxpayers Union.

We discussed his new essay about what the Trump administration can learn from the Jones Act earlier this month.

You could have just as easily written this essay I guess about,

oh, the last 25-plus administrations, but what do you believe uniquely the Trump administration

can learn about the Jones Act.

Well, I think a lot of people, rightly, are concerned about the Jones Act in terms of the costs that it inflicts on the American economy,

...