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.

Why government sucks, part 11,982 in our ∞ part series

By Megan McArdle
Mar 20 2008, 11:07 AM ET Comment

Terrorist watch lists are probably a good idea. But because the government is, well, the government, it doesn't really care whether the watch list is right. Their incentive is to make sure that absolutely nobody who might be a terrorist is able to do absolutely anything in the US.

These lists always have to trade off between Type I error (false positive) and Type II error (false negative). Since we live in an imperfect world, you have to decide whether to err on the side of ensnaring the innocent, or missing the guilty.

But people building terror watch lists only get punished if they introduce Type II error. Hence, they have no incentive to avoid Type I error. Which is why they have an easy procedure to put people on, and no obvious way to remove them again.

The rest of us, however, have to trade off the risk of getting killed in a terrorist attack, and the risk of never being able to fly or have a bank account again. With something like one in three hundred Americans on watch lists, it seems to me that we have gone too far.

Presented by

More at The Atlantic

The Global Dangers of Syria's Looming Civil War The Dangers of Syria's Looming Civil War
9 Faces of the New Egypt 9 Faces of the New Egypt
Manufacturing Is Special: Why America Needs Its Makers Manufacturing Is Special
Who Are the Real 'Freeloaders': The Poor or the Old? Who Are America's Real 'Freeloaders'?
We Don't Need a Digital Sabbath, We Need More Time You Don't Need a Break From Technology

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
The Civil War National Portrait Gallery The Civil War
A 150th-anniversary commemorative issue, with Atlantic work by Mark Twain, Harriet Beecher Stowe, Frederick Douglass, and others. Read more ›
View All Correspondents

The Biggest Story in Photos

Athens in Flames

Feb 13, 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?