"CNBC Reports" host Larry Kudlow believes free-market capitalism is the best path to prosperity. Too bad CNN "Lou Dobbs Tonight" host Lou Dobbs doesn't.

Dobbs attacked Kudlow during the Jan. 14 broadcast of "Lou Dobbs Tonight" for commenting on a dinner meeting of conservative pundits at the home of Washington Post columnist George Will on Jan. 13. Kudlow was not included in person or by phone to respond to Dobbs' criticism.

"This is Larry Kudlow - one of the folks invited to a conservative fest with the president-elect last night," Dobbs said. "I'd like to just share, everybody - what a Larry Kudlow-conservative person does after meeting with the president-elect."

Dobbs cited a few lines from Kudlow's appearance on CNBC's Jan. 14 "The Call" - "He is charming, he is terribly smart, bright, well informed. He has a great sense of humor." Then Dobbs skipped moments in Kudlow's exchange with "The Call" co-host Melissa Francis and added - "He's so well informed and he loves to deal with both sides of an issue."

The editorial page of the Wall Street Journal has long been an indispensable voice of conservatism. As President Bush said in 2003 in awarding the Medal of Freedom to editorial page editor Robert L. Bartley shortly before his death, he—and by extension his editorial page—has been "a champion of free markets, individual liberty and the values necessary for a free society."

But there is one area in which the editorial page's policy diverges strikingly from conservative orthodoxy, and that is on the matter of immigration. To varying degrees, the paper's editorialists have argued in favor of a more flexible attitude toward immigration. That tendency reaches its apotheosis in the recently-released book by WSJ editorial board member Jason Riley: Let Them In: The Case for Open Borders.

Riley appeared on this weekend's Journal Editorial Report on FNC to discuss his book with host Paul Gigot and make the case that borders should indeed be opened. Riley seemed surprisingly passive in the defense of his controversial proposal, and I personally came away unpersuaded. Here was the exchange.

View video here.