Skip Navigation
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.

Monday morning eye-opener: of finance, poetry, and the unseen

By Megan McArdle
Nov 17 2008, 8:54 AM ET Comment

Conor wrestles with Bastiat Beasts.

Conservatives and libertarians sometimes face a disadvantage in policy
arguments. We're attuned to the indirect effects and unintended
consequences of certain policies, whereas our liberal interlocutors
concern themselves primarily with direct effects. Why is this a
disadvantage? Because the liberal can say, "Look at David from Detroit,
who is going to lose his job, and his home, if GM goes bankrupt."
Whereas the best conservatives and libertarians can do is to say,
"Somewhere in America there is an unknown person who will lose their
job, and their home, if the automakers are bailed out, due to the
inevitable effect of egregious economic inefficiencies that will course
through the financial system."....

The person who is hurt in the
liberal narrative and the one hurt in the conservative narrative are
both real human beings. But the fact that the former is identifiable is
often used by liberals as an emotional bludgeon.

Freddie responds.

I'm still struggling with whether I think the tyranny of the specific hard case makes conservatives systematically worse off in argument; I think it does, but I'm not ready to commit on that yet.  Surely on taxes, for example, it works the other way around.

While I'm maundering, I offer you the poem all this wrangling made me think of:  The God Who Loves You, by Carl Dennis.

It must be troubling for the god who loves you

To ponder how much happier you'd be today

Had you been able to glimpse your many futures.

It must be painful for him to watch you on Friday evenings

Driving home from the office, content with your week--

Three fine houses sold to deserving families--

Knowing as he does exactly what would have happened

Had you gone to your second choice for college,

Knowing the roommate you'd have been allotted

Whose ardent opinions on painting and music

Would have kindled in you a lifelong passion.

A life thirty points above the life you're living

On any scale of satisfaction. And every point

A thorn in the side of the god who loves you.

You don't want that, a large-souled man like you

Who tries to withhold from your wife the day's disappointments

So she can save her empathy for the children.

And would you want this god to compare your wife

With the woman you were destined to meet on the other campus?

It hurts you to think of him ranking the conversation

You'd have enjoyed over there higher in insight

Than the conversation you're used to.

And think how this loving god would feel

Knowing that the man next in line for your wife

Would have pleased her more than you ever will

Even on your best days, when you really try.

Can you sleep at night believing a god like that

Is pacing his cloudy bedroom, harassed by alternatives

You're spared by ignorance? The difference between what is

And what could have been will remain alive for him

Even after you cease existing, after you catch a chill

Running out in the snow for the morning paper,

Losing eleven years that the god who loves you

Will feel compelled to imagine scene by scene

Unless you come to the rescue by imagining him

No wiser than you are, no god at all, only a friend

No closer than the actual friend you made at college,

The one you haven't written in months. Sit down tonight

And write him about the life you can talk about

With a claim to authority, the life you've witnessed,

Which for all you know is the life you've chosen.





Presented by

More at The Atlantic

Video Shows Syrian Anti-Aircraft Tank Firing Randomly Into Peoples' Homes Video Shows Syrian Anti-Aircraft Tank Firing Into Random Homes
SNL's Zooey Deschanel Episode: 5 Best Scenes The 5 Funniest Sketches From SNL's Zooey Deschanel Episode
Can't We Learn to Stop Worrying and Love Mass Refinancing? Can't We Learn to Stop Worrying and Love Mass Refinancing?
The agony of Nabeel Rajab The Plight of Bahrain's Informal Activist Leader
'Chronicle' Shows Us Teenage Superheroes With Daddy Issues A Tale of Teen Heroes With Dad Issues

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus
Special Report
The Civil War National Portrait Gallery The Civil War
A 150th-anniversary commemorative issue, with Atlantic work by Mark Twain, Harriet Beecher Stowe, Frederick Douglass, and others. Read more ›
View All Correspondents

The Biggest Story in Photos

Athens in Flames

Feb 13, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

Megan McArdle
from the Magazine

Why Companies Fail

GM’s stock price has sunk by a third since its IPO. Why is corporate turnaround so difficult…

The Graduates

Busted banking careers, crashed consultants, and shrunken incomes: the author attends her 10-year…

Romney’s Business

The Republican contender touts his business experience—but does it really matter?