The Hill News

It’s obvious by now that the latest collapse of the U.S. stock market and the ensuing recession was spearheaded by experts â€" those same people who received fancy degrees from Ivy League institutions. They sold the public on their complex mathematical models purporting to show huge profits â€" all the while masking the risk of a total blowup.

In many respects, this is the societal effect of a miseducated population. It is the result of an over-reliance by many people on the advice of experts, and the reliance of those experts on theoretical constructs that have little bearing on the real world. It is a classic case of mistaking the map for the territory.

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