This is a good tweet:
The value of deferring to experts depends on the alternative. If the alternative is deferring to a market or the consensus of smart generalists with good incentives or to a carefully calibrated statistical model, then deference to experts might not look so good–or at least is likely incomplete.
But a lot of the time the alternative is leaning on your own biases or those of your group, or deferring to pundits or to prevailing views shaped by attention algorithms that no one fully understands. In those cases, deference to experts looks pretty good!
Ultimately, the value of deferring to experts is in tying yourself to the mast, in epistemological terms. You defer to avoid your own biases. But as always, getting it right is about choosing wisely whom to trust.