Mitch Daniels served as director of the Office of Management and Budget (2001-03), governor of Indiana (2005-13), and currently is president of Purdue University. In this conversation, Daniels reflects on his career in politics, business, and education, including his leadership of Eli Lilly and Company and his remarkable tenure as a reform-minded governor. Daniels also articulates his view of the proper role of government at both the federal and state levels: limited, but effective within its sphere. Daniels and Kristol also discuss the state of intellectual freedom on campus.