Ralph Gomory: The time has come to take Warren Buffett's Import Certificates plan seriously
Howard Richman, 1/24/2010
Ralph Gomory called for balanced trade in today's Huffington Post. The Obama administration could still succeed if they would just start listening to him. Here's a selection:
We may very well need to tackle the trade issue in the direct and head on way that Warren Buffet suggested in his insightful Fortune article in 2003. In this article he described his Import Certificates plan. The Buffet plan is something that we can carry out without the agreement of other nations, and it is something that would actually balance trade. The time has come to take this plan seriously in place of the endless talk that only postpones the day of reckoning.
The entire commentary is worth reading. Here's the link: http://www.huffingtonpost.com/ralph-gomory/a-time-for-action-jobs-pr_b_434698.html