Citizen of Canuckistan, Adam Yoshida, has another brilliant idea.
I'm increasingly thinking that Mr. Yoshida is just a Turing Test of sorts, but just in case he isn't...
Dear Adam,
Any Chinese citizen in possession of a US government bond would have no problems selling it at a fair market price to a non-Chinese citizen. So, aside from adding a whopping risk premium onto interest rates on our government borrowing, your plan would do little to punish our "enemies."
Love,
Atrios
P.S. It would also likely cause the value of the dollar to be cut in half on international currency markets, and generally cause widespread economic catastrophe. But, we sure would've showed them commies who would have no trouble redeeming their bonds.
