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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.

The Duty of the Wonk

By Megan McArdle
Jul 22 2009, 12:00 PM ET Comment

I was arguably too hard on progressive pundits yesterday when I said that they've led their ideological compatriots to unrealistic expectations of the process.  After all, we need wonks to get their wonk on:  advocating what's a good idea, rather than what is politically feasible.  That's how you move broad political sentiment towards better policy.

Still, I think you have to establish a sort of minimal cutoff below which it's better to wait for a better opportunity than do something NOW!!!  What I'd really like to see up front is an acknowledgement that after a proposed program gets through congress, it will probably look very little like what is being proposed, and to talk about when we should--and should not--go for second best.  That would leave the true believers less disappointed.  It would also, I hope, mean that we might pass fewer bad policies on the ground that they share a few minor features with some hypothetical good policy that's politically infeasible.

The insistence, now, that conservatives arguing against the plans on the table have to take into account hypothetical potential cost savings that have so far proven politically and bureaucratically unworkable, is a case in point.  Conservatives are perfectly within their rights to argue that these plans right here do nothing to bend the cost curve, and in fact, quite noticeably increase the structural fiscal instability of the US budget.  If you want to talk about awesome future cost savings, pass them.  Otherwise, you have to defend the actual bills we might pass, not some better bills that we haven't and probably won't.


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