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. She is currently on leave.
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.

How to interpret an economist

By Megan McArdle
Feb 11 2009, 9:37 AM ET Comment

Arnold Kling David Henderson parses the locutions of the brilliant economist stuck in a politcal job:

I'm not sure if Larry is being disingenuous. What I'm pretty sure of, which is why I wrote my original statement, is that he probably doesn't much like the "stimulus" bill. Notice that I used the word "doubt," rather than claiming that I know. I haven't talked to Larry since 1993 or 1994. How could I claim to know what he thinks?

In response to Charlie, I wrote:

Have you noticed that we haven't heard any strong endorsement of the bill by Summers? The standard way a political appointee deals with the situation when he/she doesn't like what his/her boss is doing is to be quiet or, if asked his/her opinion, to say, "the President believes."

Responding to me, Charlie wrote:

I don't recall seeing the "the president believes quotes" from Romer and Summers either.

Take a look at the transcript of Larry Summers's appearance on "This Week" yesterday. Countless times, Larry talks about the President's wants and beliefs. When he states an opinion as his own, it's typically about the state of the economy, not the merits of the "stimulus" bill.

One sample:

There are crucial areas, support for higher education, that are things that are in the House bill that are very, very important to the president.

Another:

There are certain priorities -- education, health care, infrastructure investment -- that the president is certainly not going to want to lose sight of.

I'm actually surprised by how deftly Obama's advisors have managed to avoid personally endorsing things they do not believe to be correct.  Not entirely, of course, but the degree of deniability is nonetheless impressive.  It will be interesting to see how much longer they can keep it up.


Presented by

More at The Atlantic

The Right-Wing Ideologue's Guide to Obama's Teenage Pot Smoking How to Spin Obama's Teenage Pot Smoking
What It Means That Computers Can Tell These Smiles Apart, But You Can't Which Smile Is Fake? (This Computer Knows)
The New Economics of Happiness The New Economics of Happiness
Does the Supreme Court Believe in Double Jeopardy Protections? Does the Supreme Court Believe in Double Jeopardy Protections?
The Brash Hypocrisy of Lanny Davis This Man Represents Everything Wrong in Washington

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
View All Correspondents

The Biggest Story in Photos

Where in the World? Part 3: A Google Earth Puzzle

May 25, 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)

(sample)

(sample)

Megan McArdle
from the Magazine

Why You Can’t Get a Taxi

And how an upstart company may change that

Europe’s Real Crisis

The Continent’s problems are as much demographic as financial. They won’t go away soon.

Why Companies Fail

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