In college, I flunked Econ 101 twice before I passed it. I was a pretty good student in my area of interest (history/political science), but Econ, which was a core requirement, stood in my way. Finally, I got through it and graduated. Third time’s the charm.
Having told you that, I realize that my take on this matter may be ill-informed, simplistic, and naive. And perhaps flat wrong. Follow my thoughts on this at your own peril.
What I would like to offer is a thought for discussion, possibly resulting in an education for myself. I admit, I have a bit of a self-serving motive here. So here’s my question: What would happen if the US government threatened to default on all of its debt to China should Beijing attack Taiwan? Would it be an effective deterrent, or would it be economic hara-kiri? I sincerely don’t know. Maybe here, I will find out. There is no…
