Skip Navigation
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.

Public service announcement

By Megan McArdle
Nov 23 2007, 11:13 AM ET Comment

I drove home from JFK, because the alternative was staying overnight in New York and waking up at 4:30 to get an early morning flight to BWI, fetching the train from BWI . . . and to hell with it, I'll rent a car.

At the National office at JFK I ran into a woman who was furious because National wouldn't take her debit card; they only accept credit cards. I sympathized because this had happened to me once on a trip to New York, at Budget; luckily, my mother had lent her credit card, going down on the rental as a second driver. The person in New York was not so lucky.

Returning the car at Union Station, I ran into another furious woman having the same problem.

I haven't been able to figure out why they don't accept debit cards, since presumably they could put a hold for the amount of the advance authorization they usually get on credit cards, but the fact is that at least in New York and Washington, they apparently don't. If you're planning to rent a car in the near future, don't show up with just a debit card in your wallet, or you'll be walking to your next destination.

Update In the comments, Freddie makes an interesting suggestion: having a credit card at least indicates that you have good credit: i.e., are not a total deadbeat who will abscond with the car. I never thought about it as a signalling mechanism, but this seems very plausible.

Presented by

More at The Atlantic

'Plug In Better': A Manifesto How to Plug In Better
The Fight for a Fair and Free Internet The Fight for a Fair and Free Internet
In Memphis Classrooms, the Ghost of Segregation Lingers On In Memphis Classrooms, the Ghost of Segregation Lingers On
Third Grade Again: The Trouble With Holding Students Back The Trouble With Holding Students Back
A Hauntingly Beautiful Zombie Love Story A Zombie Love Story

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus
Special Report
Beyond the BRICs Reuters Beyond the BRICs
A look at the next big global economies—and the rise of a global middle class. Read more ›
View All Correspondents

The Biggest Story in Photos

World Press Photo Contest 2012

Feb 15, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

Megan McArdle
from the Magazine

Why Companies Fail

GM’s stock price has sunk by a third since its IPO. Why is corporate turnaround so difficult…

The Graduates

Busted banking careers, crashed consultants, and shrunken incomes: the author attends her 10-year…

Romney’s Business

The Republican contender touts his business experience—but does it really matter?