Why Most of Us Are Skeptical of Experts: We're Not Too Smart for Our Own Good

The WSJ accurately sums up the shifting tide regarding our momumentally stupid ethanol mandate. Further, Greg Mankiw posits that anything that goes against the tide of academic "expert" consensus is either ignorant, mendacious, or hubristic.

All this puts me in mind of an oldie-but-goodie post of mine in which I discuss Nassim Taleb's notion of the failure/unattainability of expertise. I humbly submit that it is worth your time.