It is magical thinking to believe that the United States can run large deficits indefinitely.
David P. Goldman
The coronavirus epidemic is a shock to China’s political system, but—unless the death toll spirals out of control—it is probably one China can absorb.
David P. Goldman, president of Macrostrategy LLC and Senior Writer at Law & Liberty. He writes the "Spengler" column for Asia Times Online and the "Spengler" blog at PJ Media, and is the author of You Will Be Assimilated: China's Plan to Sino-Form the World (Bombardier Books) and How Civilizations Die (and Why Islam is Dying Too)(Regnery).