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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.

Money on the side

By Megan McArdle
Nov 3 2008, 5:21 PM ET Comment

I can't prove that cops are ticketing more in order to make up other revenue shortfalls, of course, but it certainly seems true from anecdotal evidence.  This raises a larger question:  what to cut, and what taxes to raise, when recession hits?  States could avoid having to deal with this problem by building up reserve funds during the good years, but that's so obviously ridiculous that we won't talk about it.

To state the obvious, it is hard to cut spending during a recession--in some ways, harder than during a boom.  In good times, your laid off state workers can find jobs.  Now, no matter how useless their particular job may be, there will be outcry if you axe them.  Similarly, states find it easier to play around with things like speeding fees than to raise taxes. 

But it's not like speeding tickets are countercyclical; that money hurts as much as money taken out of the income tax.  And while it is politically easier to step up enforcement of rules no one has ever heard of than to have an onerous debate about the budget, it is corrosive to civil society to make people feel that they can be randomly and unfairly hit up for extra cash.  The nature of modern American law is such that no one can know, or obey it, fully; things like stop sign waits and emergency vehicle passage vary from state to state, and time to time, so that no one ever knows exactly what the law is.  Cracking down on trivial violations invades the safety zone that allows us to rub along without too much disrespect for the law.


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