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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.

Information Wants to Be Free

By Megan McArdle
Jul 8 2009, 8:01 AM ET Comment

I'm not going to comment much on my employer's salons except to say that I've been to them, and there's no scandal there.  At the paid ones, where the journalists talk, the journalists dictate what we say, and the sponsors are told they have no control.  At the unpaid salons, it's--well, it's an off the record briefing, of the sort that every other journalist is well familiar with.  Either way, I've never said or done anything that I wouldn't say at a regular interview, and neither have the other journalists.

But this Jack Shafer article is just silly.  Off the record conversations allow journalists to get much deeper understanding of what's going on. That's why journalists talking to their friends about their jobs at companies of interest to the journalist talk off the record.  I'm sure that Jack Shafer has done this, or else he doesn't have any friends in the media.

Now, there are journalists that get carried away with the excitement of an off-the-record conversation.  Subjects can lie just as easily off the record as on it.  But it's absurd to say that the only worthwhile conversations between journalists and the powerful are on the record.  Off the record conversations allow politicians to say things that they cannot say publicly because the Fed Chairman or the Secretary of State or the Schools Chancellor cannot be seen to say certain things as they are trying to affect outcomes--they are, as the economists like to say, endogenous to the system.  Restricting their ability to explain things off the record would restrict the supply of information available, not expand it.


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