AEI's John Makin examines the consequences of German deflationary policies and Greece's probable exit from the eurozone in the latest Economic Outlook.

Will we recover, unbridle ourselves of debt, innovate, pay for our national security? Or, is China fated to become number one, leaving us to live in a Chinese world?

If there is one thing we learned from the 2008-2009 global economic recession, it is how much more interconnected the global economy has become and how difficult it is for emerging market economies to decouple from industrialized economies.

As "green shoots" of recovery sprout in the United States, potential crises in a number of European economies pose the main risk to any early global economic recovery.

Drug shortages, drug costs, the questionable quality of over-the-counter medicines: myriad issues have developed in pharmaceuticals in an era of enhanced regulatory efforts, rising healthcare costs and a global economy in which drug components are manufactured around the world.

"Given the disappointing March numbers, it is unlikely that this month's report will show a huge improvement. It is likely that the economy will add 120,000-140,000 jobs--small numbers that suggest protracted periods of sluggish growth still lie ahead of us." Aparna Mathur, AEI

Barack Obama’s presidency has had profoundly negative consequences for our national security. From debilitating cuts in defense budgets, to gutting national missile defense efforts, to his unwillingness to acknowledge a continuing war against terrorism, to his inability to stem the nuclear proliferation threats posed by North Korea and Iran....the picture is bleak.