This is similar to Warren Buffett's Import Certificate proposal, under which exporters would receive tradable certificates, $1 for each dollar of export revenue, importers would need to remit $1 of import certificate for each $1 of value imported, the certificates trade. fortune.com/article/warr...
Warren Buffett: Here's how I would solve the trade problem
Link Preview: Warren Buffett: Here's how I would solve the trade problem: In 2003, the Oracle of Omaha saw the debate on free trade coming and proposed a radical solution.