1/14/25
1/10/25
The Jones Act significantly increases shipping costs in the U.S. and must therefore be repealed!
Enacted in 1920, the Jones Act mandates that goods shipped between U.S. ports must be transported on vessels that are U.S.-built, U.S.-owned, and U.S.-crewed. While it aims to protect U.S. maritime industries, several major issues are associated with it, including significantly higher shipping costs and limited fleet capacity.
Shipping costs are much higher than they should be because the Jones Act limits competition by restricting foreign vessels from participating in domestic shipping. U.S.-flagged vessels are generally more expensive to operate due to labor and construction regulations. On average, the cost to build a ship in the U.S. can be four or more times higher than the world price. These increased costs are often passed on to consumers. Puerto Rico, Hawaii, and Alaska, which rely heavily on shipping for goods, are particularly affected by the high shipping costs caused by the Jones Act. Furthermore, the Jones Act makes it prohibitively expensive to transport natural gas, gasoline, and wind turbine components from the Gulf Coast or other U.S. ports to the Northeast. As a result, Northeast states often purchase foreign natural gas instead of domestic U.S. natural gas due to the Jones Act.
Additionally, because the Jones Act reduces demand for U.S.-built ships, the U.S. merchant fleet is small, limiting the availability of vessels for domestic trade. This lack of capacity can lead to supply chain disruptions, especially during emergencies or periods of increased demand. Moreover, the law has been criticized for limiting the development of a more diverse and efficient fleet, as restrictions on vessel ownership discourage innovation and modernization in the U.S. shipbuilding industry. Incredibly, in 2022, the number of ships built globally was as follows: China 1,734, South Korea 734, Japan 587, Europe 319, and the United States just 5.
Finally, the Jones Act’s restrictions on shipping inadvertently lead to greater reliance on land transportation, which increases road congestion and greenhouse gas emissions, undermining efforts to reduce both environmental and logistical inefficiencies.
1/3/25
According to the December 2024 HUD release, ‘The number of people experiencing homelessness on a single night in 2024 was the highest ever recorded.’ A total of 771,480 people, which is 18.1% higher than in 2023 and 19.2% higher than in 2007, when data was first collected. Additionally, 152,585 individuals experienced chronic patterns of homelessness, an increase of 27% over 2007. Read the report here: HUD Report.
*Note: If the cost to supply emergency bedding per year is $5,000 per bed, the cost to supply an additional 771,480 beds would be less than $4 billion. The total government spending for the most recent year, according to the Federal Reserve, is $10.4 trillion, yet the government has failed to address homelessness.
12/27/24
According to the Federal Reserve, as of the most recent data for Q3 2024, the annual rate of total government expenditures was $10.4 trillion — a whopping 40.5% increase over the Q3 2019 amount of $7.4 trillion. See the Federal Reserve data here: https://fred.stlouisfed.org/series/W068RCQ027SBEA.
12/20/24
An accredited bachelor’s degree for only $3,000!
Newlane University is an online accredited institution that offers a bachelor’s degree at a truly affordable price of $3,000. The program is self-paced, flexible, and competency-based, allowing you to fit it into your schedule. College education reinvented! Just want to reduce the cost of your degree at another university? For only $39 per month, you can take general education classes and earn credits that will transfer to other universities, significantly decreasing the overall cost of your degree.
For more information, visit www.Newlane.edu or www.Educate4Free.com
12/13/24
The US Federal Public Debt to GDP Ratio has nearly doubled since 2007, from 63% to 120%. In 2023 it was 120%, in 2007 it was 63%, in 2000 it was 58%, and in 1980 it was only 35%. A trend that the Federal Reserve and the CBO have both called “unsustainable”. Read more…
12/06/24
Most economists support a combination of more legal immigration with a secure and efficient border. They generally agree that increasing legal immigration has significant economic benefits, such as filling labor gaps, boosting long-term economic growth, fostering innovation, and contributing positively to government finances. Read more…
11/29/24
84% of Americans believe that “special interest groups and lobbyists have too much say in what happens in politics,” and 72% believe “there should be limits on the amount of money that can be spent on campaigns,” according to a September 2023 Pew survey. Special interest groups raise costs for consumers, make our economy less efficient, waste scarce resources, and lower our standard of living! What if our government were run by common sense rather than by special interest groups? We need to vote for politicians who commit to reducing the influence of special interest groups in Washington through lobbying and campaign donations. Read more…
11/22/24
Most economists support free-market capitalism as a foundation for economic systems because it promotes efficient resource allocation, innovation, productivity, consumer choice, higher standards of living, and economic growth. Read more…
11/15/24
93% of the public favor the use of body cameras by police to record interactions between officers and the public, per a 2016 Pew survey. According to the survey, 59% of the public believes that body cameras would increase the likelihood of cooperation with officers, while 66% believe that a police officer would be more likely to act appropriately when wearing a body camera. We need to vote for politicians who commit to funding body cameras. View the survey…
11/8/24
87% of Americans favor Term Limits for members of Congress, per a September 2023 Pew poll. We need to vote for politicians who commit to enacting term limits. Read more and sign the petition…
11/1/24
63% of Americans feel a third U.S. political party is necessary, per a September 2023 Gallup poll. We need to vote for politicians who commit to supporting ranked-choice voting (RCV). RCV allows voters to vote for their favorite candidate without the concern of “spoiling” the election. Read more and sign the petition…
10/25/24
70% of American adults think marijuana use should be legal, according to an October 2023 Gallup poll. We need to vote for politicians who commit to legalizing marijuana and ending the unreasonable practice of jailing people for using it. Additionally, the lack of traditional banking services often forces cannabis businesses to rely on cash transactions, which are less secure and more expensive to manage. Furthermore, federal restrictions can limit the scope and scale of research on cannabis, hindering medical advancements. View the poll…
10/18/24
Most economists oppose tariffs because tariffs typically lead to higher prices, inefficiencies, reduced consumer choice, and negative impacts on employment and economic growth. Economists often advocate for free trade as a means of promoting competition, innovation, and overall economic welfare. Read more…
10/11/24
Most economists agree that countries benefit from trade by specializing in goods they produce most efficiently. Specializing and engaging in trade allows countries to operate more efficiently, leading to significantly higher standards of living. Read more…
10/4/24
85% of Americans believe that most elected officials don’t care what “people like them” think, per an April 2024 Pew survey. We need to make them care! View the survey…
9/27/24
College costs can be reduced by 95% by removing regulatory barriers that prevent students from obtaining accredited degrees through independent study and testing out of college courses. Several non-profit organizations already offer free or almost free college credit by exam, allowing students to study independently and test out of a significant number of courses at many universities. Unfortunately, most universities limit these non-traditional credits to 25% or less, leaving students to pay full price for the remaining credits. Read more and sign the petition…
9/6/24
69% of Americans believe that abortion should be legal in the first trimester, and 70% believe that abortion should be illegal in the third trimester, according to a May 2023 Gallup poll. 82% of Americans support allowing abortion at any time to protect the life or health of the mother, and 70% support allowing abortion in cases of rape and incest, according to an April 2023 Marist poll. View Gallup poll… View Marist poll…
8/30/24
45% of Americans identify as political independents, per the January 2024 Gallup poll. Respondents identified as follows: 45% Independent, 27% Democrat, and 25% Republican. Read more…
8/23/24
Most economists oppose price controls, especially in the form of long-term or widespread policies, because they can lead to unintended economic consequences. Price controls, such as price ceilings (limits on how high prices can go) and price floors (minimum prices), can distort the natural supply-and-demand balance, often resulting in shortages, surpluses, and reduced market efficiency.. Read more…
8/16/24
57% of respondents prefer that Biden not run for president, and 53% prefer that Trump not run, according to a January 2024 UMASS poll. Read more…
8/9/24
Government is the top US problem, per January 2023 Gallup poll. Read more…
8/2/24
Comments on the U.S. debt problem by Federal Reserve Chair Jerome Powell on 2/7/23: “We’re on an unsustainable fiscal path, at the federal government level. That has been the case for some time and it’s something we will have to deal with. And better to deal with it sooner rather than later.” We need to elect politicians who are committed to addressing the U.S. debt problem now, rather than kicking the can down the road for future generations to deal with. Listen here…