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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.

The story of liberty

By Megan McArdle
May 19 2008, 5:08 PM ET Comment

Atlantic intern Conor Friedersdorf has a terrific piece up on Doublethink on the problem of conservative journalism:

Escaping this ghetto requires understanding why the media slants left. Contra the least-thoughtful conservative critics, there isn’t any elite liberal conspiracy at work. Bias creeps in largely because the narrative conventions of journalism are poor at capturing basic conservative and libertarian truths. An instructive example is rent control. A newspaper reporter assigned that topic can easily find a sympathetic family no longer able to afford its longtime apartment in a gentrifying neighborhood. Their plight is a moving brief for a rent ceiling.

As almost everyone long ago conceded, however, opponents of rent control offer superior counterarguments. Limiting rent degrades the quality of a city’s housing stock, causes shortages as a dearth of new units are built, and spurs a black market where well-connected elites game their way into subsidized flats. A talented reporter, given enough time and space, could craft a narrative that illustrates how rent control ultimately makes poor families worse off. His job is relatively difficult, however, for he can hardly write a pithy anecdotal lead about the hundred families that won’t occupy a non-existent apartment building because a foolish policy eliminated an unknown developer’s incentive to build it.

The right, in other words, has a problem with narrative. The stubborn facts of this world contradict pieties left, right, and libertarian, occassionally forcing each group to revise its thinking. But the core critiques of liberalism intrinsically resist the narrative form. Who can foresee the unintended consequences of government intervention in advance? Who can pinpoint the particular threats to liberty posed by an ever-growing public sector?


He goes on to mourn the lack of dedicated conservative and libertarian journalists specializing in narration. There is some, of course . . . but then I remember that one of my favorite such pieces was written by Michael Lynch, who has now left journalism. I'm keeping my eye on Conor, however.

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