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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.

Captain Amnesty

By Megan McArdle
May 26 2008, 11:10 AM ET Comment

[Tim Lee]

John McCain earned the title "Captain Amnesty" for his work on immigration reform, but on Friday his campaign confirmed that he's pro-amnesty all around. A statement from the campaign said that (contrary to the remarks of one surrogate) McCain thinks that telecom companies who broke the nation's wiretapping laws should get a free pass. A statement from the McCain campaign says the Senator supports telco amnesty, but thinks it should be granted "with explicit statements that this is not a blessing for future activities."

As I pointed out back in February, this position doesn't make any sense. Our nation's surveillance laws provide for civil and criminal penalties for companies that participate in warrantless wiretapping programs. The purpose of those penalties is to give companies an incentive to follow the law. But if we give a free pass to companies that broke the law this time, will we be surprised when they're even more inclined to break the law the next time around? If McCain were really serious about the "don't do it again" caveat, I would expect that at a minimum, he would favor investigations and some kind of token penalty to at least acknowledge the principle that lawbreaking has consequences.

It's important to remember that we're not talking about a one-time lapse at a time of national emergency. It's not the case, for example, that these companies only participated in warrantless wiretapping in the days or weeks after the September 11 attacks. At least one telecom exec claims that the NSA began approaching telecom companies as early as February 2001, and these programs continued for years after the September 11 attacks without Congressional authorization or court oversight. Granting retroactive immunity under those circumstances would be a tacit admission that the law is toothless, and a green light to future telecom company executives that when the president asks them to break the law, they can do so without worrying about the consequences.

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