No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, October 25, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

“Experts” Don’t Know How Ignorant They Are

by TheAdviserMagazine
1 day ago
in Economy
Reading Time: 4 mins read
A A
“Experts” Don’t Know How Ignorant They Are
Share on FacebookShare on TwitterShare on LInkedIn


Ever since I was young, I have enjoyed reading science fiction. Some of its attraction is the escapism it offers, but also the artistry of those who can envision a world where some things are very different but which seem to make enough internal sense to suspend disbelief and care about the characters. It also sometimes connects to or echoes recent “real world” circumstances (see my “The Road Back from Interstellar Serfdom,” for example). Another example involves the novel Variable Star (2006) by Robert Heinlein and Spider Robinson.

After previous enjoyment of Robert Heinlein’s work, another work—compiled after Heinlein was dead—caught my attention. It had come from incomplete notes for a book that were found in Heinlein’s papers, which his estate commissioned Spider Robinson to complete and turn into a book. A certain passage (pp. 194-195) seems to describe a good deal of the green movement in recent years. And, just as in the situation in the book, it can lead to results far better to avoid than to experience:

The characteristic flaw…[was] the assumption of vastly more knowledge than they actually possessed… Over and over…they developed the imbecilic idea that they understood nearly everything.

[Unfortunately] the explanations kept falling apart at the first hard-data-push…yet they were solemnly convinced they basically understood the universe, except for some details out in the tenth decimal place.

They somehow managed to persuade themselves that computer models constitute data.

That very complicated guesses become facts. They made themselves believe they had the power to accurately model…something as inconceivable complex as…a national economy, a weather system.

They made solemn announcements…on the basis of computer models which they had produced…[but] they had no faintest clue how ignorant they were. (emphasis added)

Scientists were claiming godlike knowledge and couldn’t deliver. The disaster those errors led to in the book reminded me of the importance of correcting such missteps before disasters strike. It also reminded me of the extensive work The Heartland Institute has done in rebutting many fallacies, flaws, and misinterpretations that have been visited on the public by those promoting the green agenda.

Heartland’s contributions to straightening out the many things that have been twisted in environmental discussions are far beyond the scope of this short article, but one can get a very good idea of their extent from merely scanning the titles of their Climate Change Weekly (CCW) articles. It is worth reading the articles because, as in Variable Star, being wrong in this area can have very severe consequences. To avoid such harms, we must remember the well-worn adage that in making policy, “good intentions do not guarantee good results,” because false premises and faulty logic can often undermine—and even override—desired results.

Consider just the following titles from some CCW articles from roughly a year. It is far from complete, but it strongly reflects Variable Star’s conclusion that “they had no faintest clue how ignorant they were”:

River Action Muddies CO2 Attribution Claims (6/26/25)Polar Ice Is Not Following the Climate Crisis Narrative (6/20/25)New Proof That Urban Heat Islands Bias Surface Temperature Measurements (6/5/25)IPCC Climate Models Aren’t Useful for Forecasting (5/30/25)New Volcano Discoveries Upend IPCC’s Human-Caused Climate-Change Narrative (5/30/25)Current Climate Conditions Aren’t Historically Extreme or Unusual, New Research Shows (5/8/25)United Nations IPCC Hid the Medieval Warm Period (5/2/25)Climate Change Wildfire Role: Not Statistically Significant (4/11/25)Crops Doing Fine, Increase in Social Cost of Carbon Calculation Was Unwarranted (3/7/25)Global Greening Due to CO2 Enrichment Reconfirmed (1/17/25)Bad Estimates of Solar Activity and Temperatures Undermine Climate Change Projections (12/19/24)Oceans Remove More Carbon Dioxide Than Previously Believed (12/19/24)Climategate Revisited: 15th Anniversary of Climate Hoax Exposure (12/5/24)Plants Are Using Much More CO2 Than Climate Models Assume (11/7/24)CO2 Saturation Refutes Temperature Forcing Fears (11/7/24)Climate Models Are Wrong: No Warming Surge Since the 1970s (10/24/24)Aging Equipment Is Biasing Surface Station Temperatures Upward (10/24/24)Claims of Increasing Climate Change Disasters Are False (9/27/24)Twenty-First Century Warming Driven by Cloud Decline, More Sun—Not Carbon Dioxide (9/12/24)Hunga Tonga Eruption Behind “Record” Warming (8/23/24)Temperature Changes Drive CO2, Not the Other Way Around (8/1/24)Carbon Dioxide Levels and Warming Aren’t a Problem, New Study Says (7/11/24)International Climate Conference Debunks Science and Policy Consensus Claims (6/28/24)

These and other Heartland efforts have done a much better job of “following the science” than those who constantly hectored us to do so, while frequently torturing science until they could reach their desired conclusions. Given the great deal of opposition from such groups that has generated, Heartland’s authors frequently qualify as brave in our cancel-culture world as well.

The above list left out my favorite example, which arose somewhat earlier. It is highlighted in my article “An Infrared Picture is Worth a Thousand Words,” about inappropriately-located weather monitoring stations. It is my favorite because it shows how unserious people are about their premises when they rely on wildly inaccurate data as if it was true in a very creative way that lets you actually see the biases via infrared pictures.

While this article concerns the hubris of this “characteristic flaw” of assuming “vastly more knowledge than they actually possessed” in environmental areas, and applauding the Heartland Institute’s efforts to bring real science to those issues, such hubris also applies more generally to government policies. It is, in fact, the “fatal conceit” that Friedrich Hayek found throughout central planning in society. The better we recognize the flaws of central planning in one area, the better we can recognize its flaws elsewhere. As surrounded as we are with a cornucopia of government intrusions, it helps to remember Hayek’s insight from The Road to Serfdom that “the more [and more and more] the state ‘plans’, the more [and more and more] difficult planning becomes for the individual.”



Source link

Tags: DontExpertsIgnorant
ShareTweetShare
Previous Post

Ford Motor Company (F) Q3 revenue up 9%; adj. earnings drop

Next Post

Health Literacy Month: Making Care Understandable, Equitable, and Accessible

Related Posts

edit post
How to Recognize Critical Race Theory

How to Recognize Critical Race Theory

by TheAdviserMagazine
October 25, 2025
0

Reports that critical race theory is over have been greatly exaggerated. CRT is very much still around, although it has...

edit post
A Brief History of the Enduring American Embargo against Cuba

A Brief History of the Enduring American Embargo against Cuba

by TheAdviserMagazine
October 25, 2025
0

In recent years, Cubans have been forced to endure one of their worst shortages of basic necessities, such as food,...

edit post
Links 10/25/2025 | naked capitalism

Links 10/25/2025 | naked capitalism

by TheAdviserMagazine
October 25, 2025
0

This small rural town had 1 veterinarian, a 74-year old veteran who tried finding his replacement for 5 years Even...

edit post
Food Inflation: The Price Spikes of Beef, Coffee, Eggs, and Dairy

Food Inflation: The Price Spikes of Beef, Coffee, Eggs, and Dairy

by TheAdviserMagazine
October 25, 2025
0

Yves here. Wolf Richter has two informative pieces on the latest inflation data. His companion post, Massive Outlier in Owner’s...

edit post
Market Talk – October 24, 2025

Market Talk – October 24, 2025

by TheAdviserMagazine
October 24, 2025
0

ASIA: The major Asian stock markets had mixed day today: • NIKKEI 225 increased 658.04 points or 1.35% to 49,299.65...

edit post
Coffee Break: Casey Means MD and MAHA, Health Insurance, Coffee Scat, and Big Brother at the Home of the Free Speech Movement

Coffee Break: Casey Means MD and MAHA, Health Insurance, Coffee Scat, and Big Brother at the Home of the Free Speech Movement

by TheAdviserMagazine
October 24, 2025
0

Part the First: Casey Means MD Is Still Awaiting Her Closeup.  We discussed the Surgeon General in waiting some time...

Next Post
edit post
Health Literacy Month: Making Care Understandable, Equitable, and Accessible

Health Literacy Month: Making Care Understandable, Equitable, and Accessible

edit post
Harmony Gold Mining completes MAC Copper acquisition

Harmony Gold Mining completes MAC Copper acquisition

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
How to Recognize Critical Race Theory

How to Recognize Critical Race Theory

0
edit post
US Representative reveals up to K Bitcoin exposure

US Representative reveals up to $30K Bitcoin exposure

0
edit post
Don’t Miss Out on Your Golden Years’ Freebies: 10 Heartwarming Senior Discounts That’ll Save You a Fortune and Spark Joy

Don’t Miss Out on Your Golden Years’ Freebies: 10 Heartwarming Senior Discounts That’ll Save You a Fortune and Spark Joy

0
edit post
Meet Heidi Hallmark: A Bookkeeper Helping Women Find Peace of Mind in Their Finances

Meet Heidi Hallmark: A Bookkeeper Helping Women Find Peace of Mind in Their Finances

0
edit post
EU steps up efforts to cut reliance on Chinese rare earths

EU steps up efforts to cut reliance on Chinese rare earths

0
edit post
Belgium’s nxgsat raises €1.2M to advance next-generation 5G satellite connectivity

Belgium’s nxgsat raises €1.2M to advance next-generation 5G satellite connectivity

0
edit post
Trump hits Canada with an extra 10% duty because anti-tariff ad didn’t come down immediately

Trump hits Canada with an extra 10% duty because anti-tariff ad didn’t come down immediately

October 25, 2025
edit post
Meet Heidi Hallmark: A Bookkeeper Helping Women Find Peace of Mind in Their Finances

Meet Heidi Hallmark: A Bookkeeper Helping Women Find Peace of Mind in Their Finances

October 25, 2025
edit post
Scale AI Veteran Bilal Abu-Ghazaleh Launches 1001 With  Million To Rebuild The Physical World Through Artificial Intelligence

Scale AI Veteran Bilal Abu-Ghazaleh Launches 1001 With $9 Million To Rebuild The Physical World Through Artificial Intelligence

October 25, 2025
edit post
Polymarket Confirms Token Airdrop, But US Launch Is Priority — Details

Polymarket Confirms Token Airdrop, But US Launch Is Priority — Details

October 25, 2025
edit post
China’s rare earth limits may have ‘gone too far this time’ as US trade talks start

China’s rare earth limits may have ‘gone too far this time’ as US trade talks start

October 25, 2025
edit post
Don’t Miss Out on Your Golden Years’ Freebies: 10 Heartwarming Senior Discounts That’ll Save You a Fortune and Spark Joy

Don’t Miss Out on Your Golden Years’ Freebies: 10 Heartwarming Senior Discounts That’ll Save You a Fortune and Spark Joy

October 25, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Trump hits Canada with an extra 10% duty because anti-tariff ad didn’t come down immediately
  • Meet Heidi Hallmark: A Bookkeeper Helping Women Find Peace of Mind in Their Finances
  • Scale AI Veteran Bilal Abu-Ghazaleh Launches 1001 With $9 Million To Rebuild The Physical World Through Artificial Intelligence
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.