LARRY KUDLOW: My advice to investors, look through this war and see the prosperity that lies on the other side

We all know that crude oil and gasoline prices have jumped up as a result of the Iran war. And to me, it’s a small price to pay for a small bump up in energy costs in order to defeat the barbaric terrorist regime in Iran, and literally change the course of history. Yet economists are still trying to figure out what, if any, impact there will be on inflation and output.

I’ve seen recession scenarios, inflation scenarios, stagflation, you name it, it’s all out there. And I’ve seen lots of...