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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.

Department of unfortunately leading indicators

By Megan McArdle
Aug 28 2008, 1:00 PM ET Comment

The price of rat meat has tripled in Cambodia as inflation has pushed other kinds of meat out of reach of the poor.   There's nothing inherently awful about eating rats, as long as they're cooked--I've eaten squirrel and possum, and they're quite tasty.  But as Jared Diamond points out in Collapse, the minute societies have access to large-animal protein, they generally stop eating things like mice and bugs.  This is probably because they are a lot of work for a little protein, but they acquire the disgust attached to the food of desperation.  People who eat rats are people close enough to the verge of starvation to overcome that disgust.

Cambodia is suffering from two broad problems plaguing Asia.  Almost all of the governments are deliberately inflating their currencies in order to keep them cheap against the dollar and thus stimulate exports.  That rapid (double-digit) inflation is pushing many goods out of reach of the poor.

The other problem is that China is getting rich.  Over the long run, this will be a great thing for everyone.  In the short term, however, richer Chinese are competing for things like meat and rice in local markets.  Several Asian nations have banned the export of rice in order to counteract that pressure, but this is stopgap at best--in the short run, you may may rice cheaper locally, but in the long run, you've hurt local farmers, and the rice will probably leak across the border anyway.  Vietnam is basically built like a noodle--few farmers are too far from the border to bring their crop somewhere else.


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