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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.

Ron Paul's downfall: but is it good for the libertarians?

By Megan McArdle
Jan 11 2008, 7:43 AM ET Comment

Obviously, having our most successful candidate ever lose big in New Hampshire and outed as having operated a newsletter that published racist material is not libertarianism's finest hour. But I'm actually glad this happened (and no, not because I hate Ron Paul).

I was at an event last night where this came up a few times, and the words "The Movement" got thrown around. This always feels a little strange, since I'm not really a member of "The Movement": I didn't come to my squishy libertarianism until rather late in life, and so I missed the round of internships, political meet-and-greets, and low-level think-tank jobs that cement people into it.

Nonetheless, I am now on its fringes. And sufficiently steeped in it to know, as all younger libertarians in the wonkosphere kind of know, that it has some ugly moments in its history. Specifically, a lot of its funding used to come from crazy old white people hoping to turn back the clock to the days before minorities and women got all uppity. Ron Paul is a good example of the kinds of people who got in bed with these folk of the festering fringe--probably he didn't exactly believe what was being published under his name, but it certainly didn't bother him enough to do anything about it. His quasi-populist, rural, America-first type politics fit well enough into their beliefs about the ideal America that as long as he overlooked their animus towards people who were poorer and darker skinned, he could raise a lot of money from them.

What matters, though, is that this isn't an important component of "the Movement" any more. The money doesn't come from racists, nor does the political energy, or the leadership. Ron Paul's unfortunate moment, and the outing of Lew Rockwell and Jeff Tucker as the probable authors of the bile, have given libertarians the opportunity to make decisive break with that past--and thankfully, they all seem to be taking it.

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