GoodFellows: Conversations from the Hoover Institution cover image

Doomsayers, a Doomed China, and . . . President McMaster? | GoodFellows: John Cochrane, Niall Ferguson, H.R. McMaster, and Bill Whalen | Hoover Institution

GoodFellows: Conversations from the Hoover Institution

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Mutually Assured Financial Destruction in the Second Cold War

This chapter discusses the idea of mutually assured financial destruction between the United States and China in the Second Cold War. It compares it to the mutually assured nuclear destruction of the First Cold War and highlights the differences in economic interaction between the US and China compared to the US and the Soviet Union.

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