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by ck2 4620 days ago
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.
1 comments
jfb 4620 days ago
Two problems with this: the first Yglesias covers in the OP; the second, that China could nuke us, even if they wanted to.
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dllthomas 4620 days ago
What would stop China from nuking us if they wanted to?
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jfb 4620 days ago
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.
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jonknee 4620 days ago
Mutually assured destruction.
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dllthomas 4620 days ago
MAD is one factor (of many) which stops them from wanting to.
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