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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. She is currently on leave.
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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.

Depression Schtick

By Megan McArdle
Apr 16 2009, 3:09 PM ET Comment

I hate to sound like Andy Rooney, but I think the time has come to retire the ad campaigns from retailers promising to "help" us with the recession by . . . giving us modest discounts on non-essential consumer goods.  I am in receipt of the following email from Mitchell Gold/Bob Williams, from whom I bought a (very nice, reasonably priced) couch several years ago:




We understand that consumers are opening their wallets with caution during this time of economic uncertainty. So, to help stimulate the economy and your senses, we're offering you a comfortable 20% off the following:
 
Special Order Upholstery:
Select from 450+ frame styles available in 340+ fabrics and leathers. Save hundreds on: sofas, sectionals, sleepers, chairs, dining chairs, beds, ottomans and more. Delivered to you in approximately six short weeks.  
         
All Tables/Storage:
Our end tables are just the beginning of your savings. Choose from cocktail tables to media consoles to dining tables and everything in-between: all 20% off.

 
This is of a piece with this now-ubiquitous ad:


I mean, thanks, guys, but my idea of cutting back does not involve buying expensive furniture at 20% off; it involves not buying new furniture at all.  And I'm preserving my sense of "living well" by never, ever, ordering (shudder) pizza from Dominos--at least not while I still have a jar of peanut butter to my name.

Meanwhile, the hosts on QVC have apparently started prepending the phrase "We're all watching our money these days" to exhortations to buy teddy bears infused with daffodil-scented soy candle wax and similar necessities.  Apparently we're all watching our money from a distance, as it disappears into the gaping maw of Mastercard.

The one industry not ostentatiously offering to help me save money is the banking industry, which hasn't been trying to entice me into their savings vehicles with high rates and low fees.  We have a long way to go before the American savings culture turns into what it should have been all along.

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