From an interview of Larry Kudlow, the director of the National Economic Council, by Sara Eisen, the cohost of Closing Bell on CNBC, conducted in June.

sara eisen: Larry, I just wanted to follow up on something you told reporters last week. You said, “I don’t believe there’s systemic racism in the U.S.,” which I found surprising given the moment that we’re in.

larry kudlow: Well, I don’t believe in systemic racism. I think the American system is the best system ever devised for mankind. Here’s a thought: the first black president…