Thursday, March 21, 2024

Planet Money on the political economy of rum in the U.S.

 

Planet Money has a nice story about rum production (The billion dollar war behind U.S. rum) in Puerto Rico and the Virgin Islands, particularly the consequences of Virgin Islands deal to lure Captain Morgan away from Puerto Rico.

It should be of interest to anyone paying attention to Youngkin’s attempts to lure the Capitals and Wizards away from D.C.

It is also a nice example of a real world prisoners dilemma type game.

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