Official and unofficial pronouncements from many sectors of the American foreign policy and political establishment routinely portray China as a major military threat to the United States --even claiming that this threat is existential.  This is part of a pattern that my guest today calls "threat inflation" which he argues leads to policy decisions that paradoxically leaves the US less secure.  Michael D Swaine, is director of the east asia program at the Quincy Institute for Responsible Statecraft. He is the author of a new report titled "Threat Inflation and the Chinese Military" which shows how US officials may be exaggerating the military threat from China and what he argues are problematic policies that stem from inflated threat perceptions.