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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.

Gored!

By Megan McArdle
Jul 23 2008, 1:17 PM ET Comment

I know I'm late to the party, but I was on the beach this weekend with a malfunctioning wireless broadband modem, and by the time I was ready to make fun of Al Gore, Andy Revkin had done it for me.  Don't get me wrong, I think that Al Gore has a hobby.  I just think it's a pity that hobby is making a fool of himself in public.  His speech on global warming is full of misstatements, exaggerations, and outright untruths.  What's worse is that I'm sure he believes every word of it.

I'll add only one thing to Revkin's critique, which is that Al Gore's program for energy is not merely costly, it's impossible.  Electric power needs several different sources:  baseload generation, and peak capacity generation.  Alternative energy sources are iffy for this.  Wind is not reliable, and the places where it is more reliable tend to be either rather far from where the power is needed, or smack in the middle of the view from Robert F. Kennedy's vacation home.  Solar requires vast land area to work, which is its own sort of environmental problem, and again, the best sites tend to be in the middle of the Arizona desert, which means large new investments in transmission.  To replace our current, mostly coal fired, fossil baseload generation would involve the construction of massive new nuclear capability.  This is a) blocked by Al Gore's friends in the environmental movement b) going to get you into a nasty fight with Harry Reid and c) not feasible in a decade in the current regulatory environment.  Forget the price.  Where are you going to put hundreds of new nuclear plants?

I understand the strategic value of setting bold goals.  But when bold passes into lunatic, I think most sensible people just stop listening.





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