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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Marching for meters

By Megan McArdle
Oct 30 2007, 11:28 AM ET Comment

One thing that should be noted about the DC cab market is that the zone system is byzantine and opaque, to the vast enrichment of the cabbies. I happen to live three steps north of U Street, which is the dividing line between zone one and zone two; I spend a lot of time doing elaborate kabuki rituals with the cabbies, who invariably try to drop me on whichever side of the street takes me into a second zone. My mission--and I always choose to accept it--is to force them to drop me on the zone-minimizing street side, without acknowledging that they are trying to cheat me.

Cabbies also charge an additional full fare for multiple stops, making it completely pointless to ride share, and otherwise take the average consumer for all he is worth. Cabs cost here twice or more what they cost in New York for all but a handful of special journeys--funnily enough, the ones that are frequently taken by congressmen and their staffers.

It's very clearly a system set up to help a semi-organized interest groups rook the tourists at the expense of the locals; but as more affluent and politically active people who take a lot of cabs move into the district, this was bound to change. So I'm not surprised that the cabbies are complaining; only that they have settled on the big cab companies as the source of their complaint with the meter system.

Frankly, I'm not terribly sympathetic. They can damn well cheat tourists by accidentally taking them from Capitol Hill to the Mall via the Beltway, like all the other cab drivers have to. What makes them think they're so special, anyway?

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