No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, May 20, 2026
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
7 months 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

Mortgage Rates Today, Friday, October 24: The Lowest of 2025

Next Post

Crypto.com Applies for U.S. Bank Charter, Joining Coinbase, Ripple and Circle

Related Posts

edit post
A Rothbardian Case Against Bad Data Center Policy

A Rothbardian Case Against Bad Data Center Policy

by TheAdviserMagazine
May 20, 2026
0

Data centers are quickly emerging as one of the major political issues of the day.These large warehouses full of computer...

edit post
Why Public Policy’s Core Value Should Be Equality

Why Public Policy’s Core Value Should Be Equality

by TheAdviserMagazine
May 20, 2026
0

Yves here. This humble blog, from its inception, has documented how highly unequal societies, in income and wealth terms, deliver...

edit post
Behind the stalled gas pipeline set to dominate Putin-Xi summit

Behind the stalled gas pipeline set to dominate Putin-Xi summit

by TheAdviserMagazine
May 20, 2026
0

A Power of Siberia natural gas pipelines facility in Heihe, Heilongjiang province, China, on Tuesday, March 21, 2023. Bloomberg |...

edit post
Putin To Attend BRICS Summit In India

Putin To Attend BRICS Summit In India

by TheAdviserMagazine
May 20, 2026
0

The West still refuses to understand what is taking place because they are trapped inside their own propaganda. They actually...

edit post
AI is changing who gets hired in America’s economy

AI is changing who gets hired in America’s economy

by TheAdviserMagazine
May 19, 2026
0

From the Dayton, Ohio, suburbs to boardrooms in Dallas, the employees fueling AT&T's next wave of growth aren't fresh-faced college...

edit post
Coffee Break: Armed Madhouse – Ukraine Drone Escalation Peril

Coffee Break: Armed Madhouse – Ukraine Drone Escalation Peril

by TheAdviserMagazine
May 19, 2026
0

Between May 16 and 17 of this year, Ukraine launched approximately 1,500 long-range drones into Russia, demonstrating a growing capability...

Next Post
edit post
Crypto.com Applies for U.S. Bank Charter, Joining Coinbase, Ripple and Circle

Crypto.com Applies for U.S. Bank Charter, Joining Coinbase, Ripple and Circle

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

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

  • Trending
  • Comments
  • Latest
edit post
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Florida Warning: With Senior SNAP Benefits Averaging 8/Month, Thousands Risk Losing Assistance in 2026

Florida Warning: With Senior SNAP Benefits Averaging $188/Month, Thousands Risk Losing Assistance in 2026

April 27, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
10 Cheapest High Dividend Stocks With P/E Ratios Under 10

10 Cheapest High Dividend Stocks With P/E Ratios Under 10

April 13, 2026
edit post
OpenAI takes the lead in AI IPO horse race: ‘Getting to public markets first is very important’

OpenAI takes the lead in AI IPO horse race: ‘Getting to public markets first is very important’

0
edit post
Companies with neurodivergent workers struggling to succeed leave performance on the table

Companies with neurodivergent workers struggling to succeed leave performance on the table

0
edit post
Is a Royal Caribbean Credit Card Worth It?

Is a Royal Caribbean Credit Card Worth It?

0
edit post
The Untapped AI Goldmine Hiding in Your Existing Customer Base

The Untapped AI Goldmine Hiding in Your Existing Customer Base

0
edit post
How to understand client money psychology

How to understand client money psychology

0
edit post
Fairshake PAC’s M Investment Pays off in Three US State Primaries

Fairshake PAC’s $20M Investment Pays off in Three US State Primaries

0
edit post
Companies with neurodivergent workers struggling to succeed leave performance on the table

Companies with neurodivergent workers struggling to succeed leave performance on the table

May 20, 2026
edit post
How to understand client money psychology

How to understand client money psychology

May 20, 2026
edit post
OpenAI takes the lead in AI IPO horse race: ‘Getting to public markets first is very important’

OpenAI takes the lead in AI IPO horse race: ‘Getting to public markets first is very important’

May 20, 2026
edit post
Is a Royal Caribbean Credit Card Worth It?

Is a Royal Caribbean Credit Card Worth It?

May 20, 2026
edit post
Fairshake PAC’s M Investment Pays off in Three US State Primaries

Fairshake PAC’s $20M Investment Pays off in Three US State Primaries

May 20, 2026
edit post
The best bank accounts for side hustles in Canada for October 2023

The best bank accounts for side hustles in Canada for October 2023

May 20, 2026
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

  • Companies with neurodivergent workers struggling to succeed leave performance on the table
  • How to understand client money psychology
  • OpenAI takes the lead in AI IPO horse race: ‘Getting to public markets first is very important’
  • 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.