Yes, the economy is probably the only thing that is going get us back on the course of a peaceful world. Putin thought he would take Ukraine in the same way he took Crimea away from Ukraine. Didn’t turn out for him. An invasion attempt in Taiwan would probably end up the same way; a large amount of destruction in Taiwan, but the ships bringing PLA boots would be picked off by missiles fired by USA Aircraft Carrier launched jet fighters.
That depends if you can assure air dominance, or even superiority over the strait and near the chinese coast. China doesn't have a blue water navy to speak off, but they can extend their power out from the coast a fair bit, today. And they get better almost by the day. Let's see what happens in a year or so, after the hurricane season is over.