Irwin Stelzer- This Week in Economics, and Next

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Irwin Stelzer- This Week in Economics, and Next
Shooting Down Balloons Is Easy, Reining In China is Hard

Shooting Down Balloons Is Easy, Reining In China is Hard

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Irwin Stelzer
Feb 21, 2023
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Irwin Stelzer- This Week in Economics, and Next
Shooting Down Balloons Is Easy, Reining In China is Hard
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America’s political class emitted more than its usual quota of hot air in response to a spy balloon that the administration allowed to float leisurely across the United States allowing Peeping Toms in Beijing to have a good look at military installations. It cost an already stretched U.S. military $500,000 to shoot down the balloon, and an equal amount to eliminate each of the three bits of lower-flying floating stuff that it turns out were no threat. One group of pals is mourning the loss of its $12 hobby balloon.

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