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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.

Schadenfreude

By Megan McArdle
Dec 8 2008, 5:37 PM ET Comment

Publius accuses me of schadenfreude about liberal discomfiture with Obama's appointments.  Schadenfreude?  I supported the guy for president.  I would personally be pleased to see Ingrid Newkirk appointed to head the USDA.

I belong to another small movement that is disproportionately politically active, and also, frequently toys with the lunatic belief that if only there were some structural change in the world, they'd finally get the opportunity to enact their agenda.  Libertarians tend to moon over proportional representation and transparency initiatives.  Right now, progressives are into cabinet appointments. But the underlying belief is the same, which is that if one could only get hold of some talisman, politicians would listen.

Politicians don't listen because they, unlike activists, know that polls lie.  People say they want national health insurance.  They also say they want lower government spending.  But confront them with changing their insurance (with which they are, overwhelmingly, satisfied), or cutting Mom's Medicaid, and they change their minds.  They will still tell you that they want national health insurance and lower government spending, but, you see, not that way, where "that way" is any feasible way to deliver their stated goal.  

Politicians don't listen because progressive and libertarian activists are not pushing minor schemes to benefit themselves greatly at small cost to everyone else.  They are pushing for radical change that will require radical fiscal medicine to effect.  That fiscal medicine will not pass unnoticed, and hence, it does not happen.

This does not make me happy.  It does not make me happy that I can't privatize social security and eliminate the corporate income tax, and it does not make me happy that I can't have radical agricultural reform and a stiff carbon tax.  But the universe is not here to please me.




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