Edwards interviews Lew Lehrman about the Heritage Foundation and the conservative movement of the past fifty years.

On the conservative movement, Lehrman argues an important point is the history really begins with Coolidge and not Robert Taft. He asks Edwards to consider of adding a sub-theme of his book to counteract Schlesinger. Lehrman argues Reagan was the most important conservative of the past fifty years, and "pray[s]" that no one tells Edwards that Goldwater was the most important. Tying the conservative movement history to that of think tanks, Lehrman argues that Goldwater is to the AEI as Reagan is to the Heritage Foundation. He believes the most important turning points of the movement are the most obvious ones, but also stresses the collapse of the Keynesian consensus. He argues that universities cannot respond to collapse of institutions and change their worldviews because of tenure.

On the Heritage Foundation, Lehrman believes its work has been "very significant." He analyzes Heritage's takeover of AEI as the premier conservative think tank. Following, he stress the need for peaceful revolutions. He believes the board of think tanks should not be full of former heads of multinational corporations, comparing the two think tanks to illustrate his point. He points out that executives of established corporations cannot make big decisions that are very different from the interests of their corporations or without the approval of a board. He prefers a board made up of self-made (wo)men, arguing they can make major decisions very quickly and independently. He believes that think tanks still have a role to play, and constantly compares think tanks to the computer industry.