Rebalancing U.S. Trade: Buffett’s Import Certificates Meet Blockchain
On May 3rd, at the annual Omaha meeting — a kind of capitalist pilgrimage — an old idea re-emerged like a ripple from the past: Import Certificates, or ICs.
Warren Buffett proposed it back in 2003. It was quiet then, ignored even. But now, two decades and a few trade wars later, it is beginning to sound wise — less like policy and more like a compass pointing north.