Okay it is a provocative title I know. But read this paragraph from Thom Rainers blog on Twelve trends for healthy churches
A number of research projects over the past four decades point to this trend. Healthy churches have leaders and members who believe the totality of the Bible, often expressed as a view called inerrancy.
Now I think a lot of people who call themselves Evangelicals deny a parody of inerrancy not the inerrancy that is expressed by The Chicago Statement on Biblical Inerrancy. I would say for those of us who have never read anything on inerrancy and yet still denies it you should read the statement. I think you will find you believe in true inerrancy not the parody of it that gets derided in some Evangelical circles.
But my concern is that those of us who call ourselves Evangelicals and yet argue against the historicity of the scriptures realize that they are not doing the service to the church that they might think they are but they are actually destroying the church. One of the saddest things I have seen is Christians who are confused because their pastor or a theological college lecturer will say something like “Exodus didn’t really happen exactly like that” and yet say in the next breath “But the Bible is trustworthy”. Or when a pastor or lecturer makes a lot of so called contradictions in the Bible and yet say “But the Bible is historically reliable”. What the pastor or lecturer is generally doing is trying to argue against a parody of inerrancy but what they are really doing is undermining their listeners confidence in the scriptures. With this kind of teaching the chickens don’t come to roost for a few generations when no one holds to anything like an Evangelical doctrine of scripture. But by this time it is too late. The scriptures wont be preached and the gospel will be denied and the church is dead and it all started with some of us trying putting intellectual respectability above faithfulness.
If you deny true inerrancy you will kill the church. But you probably won’t be around to see it.
 For more on the issue of inerrancy and Evangelicalism read the chapter ‘Intellectual Respectability and Scripture’ (pg. 173-214) in Ian Murrays book Evangelicalism Divided