The Politics of Distrust. The Failure of Political Experts and Government.

Jay Cost reports:

In 1887, a young Woodrow Wilson heralded the “study of administration” and sought to base governance on the precision of social science. But these days, it looks more like pseudoscience. The experts failed to foresee the slowdown of the early 2000s, failed to anticipate the housing bubble, failed to predict that economic growth would remain weak after it burst and failed to implement policies to return us to our postwar norm.

Today’s broad-based skepticism of expertise isn’t surprising, but it strikes at the heart of our postwar political economy. This disbelief has facilitated the rise of outsiders, not only Mr. Trump and Dr. Carson but also Mr. Obama. These days, inexperience actually seems a qualification for high office.

Experts can never know more than the price system. Never.