The Problem With Experts

The Problem With Experts
Traders work on the floor of the New York Stock Exchange during afternoon trading as President Barack Obama is seen on television at the economic stimulus bill signing ceremony on Feb. 17, 2009. Despite evidence that stimulus plans do not stimulate the economy, "experts" continue to recommend them. Mario Tama/Getty Images
Mark Hendrickson
Updated:
Commentary

You’ve probably heard the saying that the Ark was built by amateurs, while the Titanic was built by experts. This cute little quip doesn’t mean to imply that experts and expertise are worthless, but it does capture an important truth: There are limits to the expertise of experts.

Mark Hendrickson
Mark Hendrickson
contributor
Mark Hendrickson is an economist who retired from the faculty of Grove City College in Pennsylvania, where he remains fellow for economic and social policy at the Institute for Faith and Freedom. He is the author of several books on topics as varied as American economic history, anonymous characters in the Bible, the wealth inequality issue, and climate change, among others.
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