Keeping Up with the Jones Act
I just returned from a visit to The Commonwealth of Puerto Rico, in many respects a first-world tropical paradise in a collectivist Caribbean hell-hole of a neighborhood—think Haiti and Cuba. But it’s an expensive island; with a GDP/capita less than half of the U.S. mainland average, the price levels disproportionately impact the standard of living for its 3 million inhabitants. And they’re voting with their feet: the population is down from 3.8 million in 2000, with New York and Florida reaping most of the benefits from its industrious migrants.

