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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.

Placebo, yes or no?

By Megan McArdle
Nov 14 2008, 2:56 PM ET Comment

Sally Satel says a whole lot of physicians prescribe placebos.  Not actual sugar pills or saline, but things like vitamins, Tylenol, or antibiotics that don't actually treat the conditions.  In the case of antibiotics, which build up resistance, this strikes me as clearly immoral.  But what about the other kinds?

I was actually prescribed a placebo once, after I showed up at the emergency room with a cluster of bizarre symptoms like tingling hands and roaring blood pressure.  The ER people clearly thought I was having a panic attack.  (I wasn't.  Before, after, and during the attack, I was perfectly calm, except for a moment when I realized that my symptoms sounded a lot like those described in the brochure on heart attacks in women that the ER had helpfully provided for me to peruse while waiting.)  They told me my potassium was low and gave me some pills.

Unfortunately, I was somewhat familiar with the symptoms of potassium deficiency; mine weren't, mostly, among them.  Also, the intern was an incredibly bad liar.  I left the ER feeling indignant and not at all improved.  Much, much later I found out that tingling hands and high blood pressure are symptoms of thyroid disease, which I do have.

But if I hadn't known, the placebo might have improved me--the mind is a marvelous thing.  Here's the thing though:  it really wouldn't have been a good idea for me to walk around thinking that an actual medical problem was a potassium deficiency, because then I wouldn't have gone to other doctors to get it treated.  Instead, I would have walked around popping potassium pills every time I felt funny. 

Doctors give placebos to people they're having a hard time diagnosing.  But doctors aren't God.  The reason you can't diagnose someone may be that their problem is transient, or imaginary.  But it might also be that you've missed something.


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