Knowledge: insider versus outsiders

An interesting thought from Krugman and Henry:

Paul Krugman writes about journalists’ obsession with the quest for insider knowledge.

A lot of political journalism, and even reporting on policy issues, is dominated by the search for the “secret sauce”, as Martin puts it: the insider who knows What’s Really Going On. Background interviews with top officials are regarded as gold, and the desire to get those interviews often induces reporters to spin on demand. But such inside scoops are rarely — I won’t say never, but rarely — worth a thing. My experience has been that careful analysis of publicly available information almost always trumps the insider approach.

most of the time, you can learn as much or more from intelligently consuming publicly available information as you can from attending purportedly insider briefings. And, as a secondary matter, if you graze free-range from a variety of sources, rather than re-masticating a pre-chewed monocrop diet of selected facts and opinion, you are likely to end up with a less biased understanding. Communities of generalists relying on a very limited set of information sources are peculiarly vulnerable to self-reinforcing illusion. I wasn’t in DC during the run-up to the Iraq war, but from what I’ve been able to piece together in the aftermath, the reasons for the apparent near-unanimity among foreign policy specialists that going into Iraq was a good idea was a combination of bad sources (reliance on people like Ken Pollack, who had a patina of apparent credibility), careerism (the general sense that you would do your career no favors by publicly dissenting from senior Republicans and Democrats), and substantial dollops of intellectual (and indeed non-intellectual, more or less flat-out) dishonesty.

Take a look! In this regard, this post of Ram Mohan on insiders and outsiders as heads of institutions might also be of interest!

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