Thou shalt not inquire without passing through the blessed gates of wisdom and drinking from the fountain of holy knowledge!
Credentialism should never be a fundamental basis for refuting new theories, but it might be a reason to not pay attention to them.
Look, I’m not saying the cranks should be dragged out back and shot, just that they are a net negative.
Political thinking that probably predates the Egyptian pyramids: If you empower people with freedom, it will be abused in a way that produces some suffering for everyone that wouldn't be had the freedom not been granted. There would definitely be tradeoffs to having a culture of free and open learning, research, and knowledge sharing, unguarded by institutions.
Spoken like someone without a physics department email address.