Several years ago, financier Warren Buffet outlined a new plan to stimulate U.S. exports.  He proposed a system of import certificates (ICs) that would be distributed to U.S. exporters in exchange for each dollar’s worth of goods produced domestically and sold abroad.  These certificates could be traded or sold at market value to importers or to foreign exporters wishing to sell goods in the United States, and the total supply of ICs would constitute a national quota on imports. Terence P. Stewart and Elizabeth J. Drake, at the Law Offices of Stewart and Stewart, have produced a paper examining how such a plan might help to restore the U.S. trade balance.  "Addressing Balance-of-Payments Difficulties Under World Trade Organization Rules" concludes that the U.S. trade deficit is a serious problem.  They believe that WTO law can be used as "an important basis for justifying the imposition of a trade balancing program to address the chronic U.S. trade deficit." Read more.