Apropos of my column of a week ago -- "Has Bernanke Gotten the Story Right?" -- this week's paltry gross domestic product revision again backs up the actions of the Federal Reserve chairman and his market-monetarist supporters.

Real GDP was a ...

The most important point in Ben Bernanke's Wednesday press conference was the announcement that the Fed will adjust the amount of monthly bond purchases according to economic conditions. In other words, an improving economy with stronger payrolls ...

You might not know it from the acrimonious political debate on cable and broadcast TV, or on talk radio, or on websites and blogs. But here's a counterintuitive observation: Amidst all the negativism out there, I believe optimism is in ...

President Obama may be backing away from his doomsday spending-cut predictions as the sequester goes into place. But the new party line is that while there will be no impact in the first few days, there'll be a slow, downward slump after that.

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The Obama administration is whipping up hysteria over the sequester budget cuts and their impact on the economy, the military, first providers, and so forth and so on. Armageddon. But if you climb into the Congressional Budget Office ...