Buffett offers up a different way to address the trade deficit
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wrote on 25 Apr 2025, 22:10 last edited by
Has Buffet talked about this "import certificate" idea recently? For all we know, he may have abandoned the idea.
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wrote on 25 Apr 2025, 22:25 last edited by
It comes from an intelligent businessman and is worth considering. So consider it.
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wrote on 26 Apr 2025, 05:05 last edited by
@Mik said in Buffett offers up a different way to address the trade deficit:
It comes from an intelligent businessman and is worth considering. So consider it.
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I did. If an idea is worth considering only because an intelligent businessman proposed it, it is also worth asking why said intelligent businessman hasn't talked about it since. If the intelligent businessman has changed his mind, that is also worth considering.
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An intelligent businessman may be good at running a business. Doesn't mean he's also good at running an economy. Microeconomics ≠ macroeconomics.
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wrote on 26 Apr 2025, 12:22 last edited by
Vacuous.
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wrote on 27 Apr 2025, 23:54 last edited by
This effectively limits total imports to the value of exports, achieving trade balance. It also creates a powerful financial incentive to export, since companies can sell their certificates on the open market to importers.
Not sure I agree with this. By that I mean that I am not 100% agree that a trade balance is the best strategy.
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wrote on 28 Apr 2025, 00:03 last edited by
Sounds more like barter than trade.