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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.

Are conservatives out of ideas?

By Megan McArdle
May 21 2008, 12:23 PM ET Comment

Liberals got made when this question was asked about them four years ago. But I'll admit it--in my opinion, the conservatarian coalition is basically out of ammo. A basic commitment to free markets was enough to hold the coalition together through communism and into the current decade. But "tax cuts are awesome" is not the universal solution to every problem, and moreover, they're totally unaffordable thanks to entitlements. (Obama's plans are totally unaffordable too, for the same reason, but that's a rant for another day).

There is, however, a nascent optimism in the conservative and libertarian policy worlds. The last five years have been pretty demoralizing. Now I'm seeing more and more people who are actually looking forward to going into the wilderness for a little while, where they can get their heads together without having to worry about the intellectual compromises of actual politics. There's disgust at certain policies that they can't stop, like the revolting farm bill. But people are kind of excited about figuring out what the next big thing is.

Nor are they particularly worried that they will be kept out of the promised land for forty years. After all, four years ago we were talking about a permanent Republican majority.

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