Professor Murray Weidenbaum: Reagan's Choice

A moderate for the CEA

A moderate for the CEA

It was not only one of the last top appointments in the new Administration, but in many ways it was one of the most important. Yet in the end there was little surprise when President Ronald Reagan last week appointed a moderate conservative, Professor Murray Weidenbaum of Washington University in St. Louis, to become chairman of the Council of Economic Advisers.

The CEA is a three-man board that provides the President with regularly updated economic reports on which an Administration can base policy. While the Secretary of the Treasury or the Budget Director may have more staffers at...

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