Wednesday, August 31, 2011

"Seduced by the Cult of Experts"

By Jonah Goldberg

"There are no more devout members of the cult of expertise than mainstream journalists. They rely on experts for guidance about what is "mainstream" and accurate and what is not. Sometimes that's fine. Surgeons are extremely reliable sources to explain how a heart attack happens. They're not as reliable at telling you who will have one, save in a statistical sense, and even less reliable at telling you when a specific person will have one.

That's because prediction is hard. Experts -- in politics, economics, climate -- are very, very bad at telling people what will happen tomorrow, let alone next year or next century. How many of the economists who tell us what to do now failed to see the mortgage debt crisis coming? Nearly all of them."

submit to reddit Digg!

No comments: