we turn to barney frank and larry kudlow. good to have you both with us. larry, first to you.s knee jerk response the appropriate one? >> i think it is the appropriate one. i think we should have a moratorium for probably a good 12 months as the fbi corrector jim comey has said and others have said, we don't have any files on the syrians, nothing, we don't have passports, criminal records, travel plans. we have no idea. the u.n. picks people, we get one shot to vet them, one interview in the state department to vet them. that is not not enough for american security. we have in a war and have to go to war footing when it comes to refugees and immigration. that's as plain as i can make it. >> eamon javers took a look at this, he said they are fingerprinted, interviewed, there are protocols. is the issue those refugees from syria and iraq or is it just the place of vulnerability in this country where people are able to gain access which is what they did leveraging the access yump has granted to these refugees. >> i think it's both to tell you the truth with all respect to eamon,

. >> but up next our dynamic duo of barney frank and larry kudlow weigh in on the government's first conviction in a spoofing case and if that will open the floodgates to fresh pros cure. >> bob iger will speak first on cnbc moments after dis me releases its earnings. that's an hour from now. >>> and find out what iger thinks, the new "star wars" movie could do for disney's profits and stock and whether he has seen the mother. >> that's the question. right after this. bob dylan. to improve my language skills, i've read all of your lyrics. you've read all of my lyrics? i can read 800 million pages per second. that's fast. my analysis shows your major themes are that time passes. and love fades. that sounds about right. i have never known love. maybe we should write a song together. i can sing. you can sing? do be bop. be bop do. do be do be do. do do do be do. you ppremium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even mo

cnbc contributor larry kudlow is with us today. you know, larry, i got to thinking over the weekend that we in the media, not just mainstream media, we throw around the world dysfunction a lot these days. washington is dysfunction. the political process is dysfunctional. the republican caucus in the house is dysfunctional. the 14 candidates on stage last week or however many there were, that's dysfunctional, but it began to occur to me that maybe what we're seeing is less dysfunctional than the glorious untidiness of democracy. >> yeah. wasn't it churchill who said democracy is the worst system ever known except any other one we've ever discovered. >> it's messy by definition. it's what the founders wanted. >> i guess. the last time i talked to jefferson -- no, but you're quite right. you have a lot of people running for president and it's a management problem. it doesn't mean it's dysfunctional. i want to ask haley barbour about that who is a former rnc chairman. regarding the house and senate, we have senator johnson coming on, a

larry kudlow loves my tax plan. we're reducing taxes to 15%, bringing corporate taxes down, bringing money back in, corporation inversions we have $2.5 trillion outside of the united states, which we want to bring back in. as far as the wall is concerned, we'll build the wall, create a border. we'll let people in, but they're going to come in legally. it is something that can be done. and i get questioned about it. they built the great wall of china, that is 13,000 miles. here we actually need a thousand because we have natural barriers. so we need 1,000. we can do a wall. we'll have a big fat beautiful door right in the middle of the wall. we'll have people come in but they're coming in legally. and mexico will pay for the wall because mexico -- i love the mexican people. i respect the mexican leaders but the leaders are much sharper, smarter and more cunning than our leaders. and just to finish, people say oh, how will you make mexico to pay? a politician other than the people on the stage -- i don't want to insul

tom: it sounds like a larry kudlow interview. keep going. you do not see that in inflation. we are in a new world. vonnie: so that chart expends why federal reserve policy has maybe come to an end that is useful, because it will not make much of a difference anyway. sri-kumar: you are absolutely right. i would have said that three years ago, that the fed policy should have come to an end. but the emergency policy has stayed on now for seven years. no interest rate hike for almost 10 years. the problem is, yes, they should have exited, but it is so painful to exit. tom: your critics will say it is going to come, we are going to get real wage inflation and we will have to move our rates up. we will get in inflation base effect and all of that. but it does not ask -- but it does not speak to the real economy, the part of nominal gdp that is real economic growth each productivity to get going. do you see that coming? sri-kumar: the improvement is just not happening. it probably have his productivity lagging, and productivity cannot be boosted by monetary growth. it has to come f