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Posts: 9,136
Registered: ‎02-06-2014

Buffett trade plan

https://en.wikipedia.org/wiki/Import_certificate

 

Effectively a cap and trade free market system- issuing import certificates that have to be redeemed against import certs over a given fiscal year in a self funding system.

 

We're on track for a $700B trade deficit in an $18.5T economy so the balancing shouldn't be enormously disruptive internally.

 

Of course we would have to withdraw from every single bilateral trade agreement, beginning with WTO, in order to initiate it. And the unanswered question is how the rest of the world would react.

 

On the surface would seem to greatly favor our agriculture. While "agriculture" has been the #1 populist lobby for trade liberalization, I guess you have the right to change your mind.

 

May or may not be the answer but that is what policy looks like.

 

 

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