4 Future Glut
Marketocracy
Who Needs Experts?
In the thick of the 2008 presidential campaign, Hillary Clinton offered a populist rejoinder to the criticism that her proposed reduction of the federal gas tax was not supported by economic experts: “I’m not going to put my lot in with economists,” she told George Stephanopolous of ABC’s This Week, “We’ve got to get out of this mindset where somehow elite opinion is always on the side of doing things that really disadvantage the vast majority of Americans.”1 Attacking the experts was an out-of-character tactic for a candidate who had made her political reputation on the basis of her intellect, her wonkishness, and political expertise. In mocking the wisdom of the experts and their support for taxes ...
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