Folks, when you really boil it down, the question that’s been at the center of this whole European situation has always been pretty simple: How can you be a monetary union without being a fiscal union? And the answer is equally simple: you can’t be. If you share a currency, you have to share other [...]

Well, folks, on CNBC’s “The Kudlow Report” last night, I was asked some pretty important questions about the S&P’s negative outlook for U.S. credit. But the bottom line is, I think it’s wonderful! Maybe now, finally, we can get beyond partisan bickering and get to the meat and bones of deficit reduction. We’re talking about [...]