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ck2
on Oct 18, 2013
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Stop Being Wrong About China Buying Our Bonds
The biggest comfort about China buying all our debt is they are less likely to invade or nuke us because it would destroy them economically.
jfb
on Oct 18, 2013
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Two problems with this: the first Yglesias covers in the OP; the second, that China could nuke us, even if they wanted to.
dllthomas
on Oct 18, 2013
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What would stop China from nuking us if they wanted to?
jfb
on Oct 18, 2013
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They lack the delivery capability. They might have ~20? ICBMs and no SSBMs. They are very clearly determined to become a regional power rather than an intercontinental one.
jonknee
on Oct 18, 2013
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Mutually assured destruction.
dllthomas
on Oct 18, 2013
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MAD is one factor (of many) which stops them from wanting to.
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