[Michael R. Bloomberg] US should end Jones Act

The Iran war has provided at least two clear economic lessons. It has exposed the steep costs of being reliant on fossil fuels, highlighting the need for countries to diversify their homegrown energy sources, including solar and wind power. And it has shown what US commerce could look like freed from the Jones Act, one of the most counterproductive protectionist measures of the last century. The law, part of the Merchant Marine Act of 1920, requires vessels carrying cargo between American ports

By The Korea Herald