A few weeks ago, Hungarian Prime Minister Viktor Orbán gave a keynote address at the U.S. Conservative Political Action Conference (CPAC). Given Orban's tight relationship with Putin and his aggressive brand of Euro-xenophobia, many American liberals and conservatives alike were shocked.  But Orban's speech at CPAC -- and CPAC's own meeting in Hungary -- is part of a larger shift on the American Right; indeed, this is a throwback to the Right of the 1930s. As traditional Reaganites wonder what happened to "peace through strength," is it time to ask how "national conservatism" and Reagan-conservatism can live together? And who is the leader that can show the way?

These questions and more with Matthew Continetti. Continetti is a senior fellow and the inaugural Patrick and Charlene Neal Chair at the American Enterprise Institute. He is the author of an important new book, The Right: The Hundred-Year War for American Conservatism.

Download the transcript here.