I think this song is something of a companion piece to "Dear God." He is saying that the consciousness of humanity can be lifted WITHOUT "magical" and/or religious leaders (Jesus, Buddha, the Wizard of Oz) - without superstitions or myths (Pot of Gold at the End of the Rainbow). He entwines love and logic, calling them sane. Any non-logical exploration of reality would be insane. Knowing his beliefs on God (see the "Dear God" thread) helps with this appraisal.
I think this song is something of a companion piece to "Dear God." He is saying that the consciousness of humanity can be lifted WITHOUT "magical" and/or religious leaders (Jesus, Buddha, the Wizard of Oz) - without superstitions or myths (Pot of Gold at the End of the Rainbow). He entwines love and logic, calling them sane. Any non-logical exploration of reality would be insane. Knowing his beliefs on God (see the "Dear God" thread) helps with this appraisal.