RAND Corporation William Gorham, RAND Corporation 1953–1962; Assistant to Secretary of Department of Health, Education and Welfare 1965–68 Albert Wohlstetter, RAND Corporation, 1950s Amelia Musgrove, bar owner, White Sands Thomas Schelling, RAND Corporation 1960–64; Consultant to Department of Defense 1966–70 Debbie Kahn, daughter of Herman Kahn Gail Neale, Hudson Institute, 1960s George Ball, Under-Secretary of State in Kennedy administration 1961–66 William Kaufmann, RAND Corporation; Consultant to Secretary of Defense 1961–80 William Ehrhart, US Marine Corps 1968 Col. David Hackworth, US Army (retired) Herbert York, former Director of Defense Research and Engineering, Department of Defense Jerry Pournelle, chairman, Citizens' Advisory Council on National Space Policy, 1980 Larry Niven, science fiction writer and member of CACNSP Dr Hugh DeWitt, physicist, Lawrence Livermore National Laboratory Part 3. 'The League of Gentlemen' This part, originally broadcast on 22 June 1992, focuses on how both the Conservative and Labour governments of the 1960s attempted to use economists to engineer economic growth to specific targets, as well as programme post-war economic management in the United Kingdom, and attempts to prevent relative economic decline and the perception of the 1960s Wilson governments that devaluation would jeopardise against national self-esteem. By the mid-1970s, stagflation emerged to confound the Keynesian theories used by policy makers. Meanwhile, a group of economists had managed to convince Margaret Thatcher, Keith Joseph and other British politicians that they had foolproof technical means to make Britain 'great' again. The stagflation of the 1970s catapulted the then obscure economic theory of Monetarism to the forefront of political thought. By the late 1970s Milton Friedman had been awarded the Nobel Prize in Economics and even some Labour politicians were claiming that government attempts to grow the economy by injecting capital was doing more harm than good by driving up inflation. In 1979, Margaret Thatcher came to power and began to implement these new economic theories to drive down inflation by cutting government spending and raising interest rates, thus tightening the money supply. However, this failed to end inflation straight away, and caused widespread job loss and industrial decline. By the early 1980s, unemployment had risen to 2.5 million, British industrial output had declined by 1/6, and large-scale riots had begun to break out in Britain. The Conservative Government decided to abandon the Monetarist project and lowered interest rates in an attempt to create jobs. In fact, by the mid-1980s Mrs Thatcher claimed in a television interview