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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.
by ck2 13y 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.
- jfb 13y agoTwo problems with this: the first Yglesias covers in the OP; the second, that China could nuke us, even if they wanted to.
- dllthomas 13y agoWhat would stop China from nuking us if they wanted to?
- jonknee 13y agoMutually assured destruction.
- dllthomas 13y agoMAD is one factor (of many) which stops them from wanting to.
- jfb 13y agoThey 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.