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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. She is currently on leave.
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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.

A desire named streetcar

By Megan McArdle
Mar 11 2008, 5:05 PM ET Comment

Over at The Bellows, Ryan Avent links an article showing that, unsurprisingly, when you raise the price of driving, people do a lot less of it. Mass transit ridership rose to its highest level in 2007. You go, mass transit!

But I must make objection to the section Ryan chose to highlight:

The largest area of mass transit growth was in light rail use, which includes street cars and trolleys, with a 6 percent increase during 2007. Commuter rails were second with an increase of 5.5 percent in ridership and subway ridership had an increase of 3.1 percent.

I understand the love for light rail (aka trolleys and streetcars). They feel way cuter and more hip than riding a bus. But I don't think this is exactly heralding the new light rail revolution. If you look at the actual report, you'll see that the reason ridership increased so dramatically is that practically no one rides light rail. Judging from what I saw on my trip there, my single five block journey on Buffalo's light rail increased its annual passenger trips by about 100%. This is not, however, a dramatic surge in the country's collective will to break out the jaunty hats and the Judy Garland albums and climb back aboard the trolleys.



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