Uploaded August 2026 | Updated September 2026, 2 weeks ago

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Why does a cargo ship skip the closest port and sail hundreds of extra miles instead? Blame the Jones Act, a 1920 law requiring U.S.-built, U.S.-flagged ships for any port-to-port shipping within the country.

Lou and Phil explain how this old rule still shapes modern American shipping. New episode of Happy Hour Econ, out now. youtube.com/watch?v=D_SfU4zr44A