The dumbfounded looks of mystification on the faces of The Five Stooges in response to Ron Paul’s learned and lucid expositions on economic policy during last night’s debate reminded me of something my old friend Murray Weidenbaum once said. Murray was the chairman of the President’s Council of Economic Advisers in the first two years of the Reagan administration. He once told me that, although the job sounds very high falutin, what it largely involved was explaining college freshman-level economics to the president and cabinet members so that they wouldn’t do anything too stupid and damaging to the whole country.

Ron Paul, of course, could be his own “chairman” of the council of economic advisers.

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