We have independently analyzed the effects of the G.I. Bill's widely-utilized education and training benefits, and reached different conclusions. One of us argues that the implementation of these benefits, especially in the South, helped widen the income and wealth gaps between whites and blacks and further marginalized many African Americans; the other considers them to have been a rare example of a relatively inclusive policy, one that fostered equal citizenship. Because we are both historical institutionalists and we both share interests in matters of social policy, equality, and race, these dissimilar accounts require explanation. This dialogue first considers methodological issues, explaining our decisions about which forms of data to use and to emphasize, and how we made sense of contradictory findings. It next discusses interpretive matters, examining the processes through which we sometimes reached different conclusions even when we confronted the same evidence. Finally, the exchange considers some implications of our findings, probing the lessons they convey both about policy research and practice.