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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.

Our Lips Are Sealed

By Megan McArdle
Oct 8 2009, 3:46 PM ET Comment

A reader asks me to blog about the FTC decision on blogger disclosure.  The problem is, it's so transparently stupid that I don't even know what to say.

The only "free gifts" I get from companies are review copies of books, and the occasional soggy vegetarian sandwich at some corporate lunch.  That's because my employer would fire me if I accepted such things, and rightly so.  I'm in the news business.  We don't mix business and advertising.

I didn't as a private citizen, either, but then, it's not like people were knocking down my door trying to give me free stuff.  (What sort of products would a policy blogger endorse?  Stats software?  The Almanac of American Politics?) 

Is it kind of iffy? Sure.  There's a well known literature showing that once you've given people something, they feel obligated to return the favor, even if they didn't really want the thing you gave them.  The effect is presumably stronger if it's something cool that you did want.  And of course, I imagine it's hard not to blog with the thought of all the other goodies you'll be foregoing by giving a product a bad review . . .

But on the scale of cosmic harms, this ranks somewhere around putting an ill-considered steak back in the chicken case.  How can someone who is writing something for free, that those people may or may not consume at will, have a legal obligation to said people?  I can't believe that anyone thought that this required a law, rather than, say, some common sense.  If this is so pressing, where are the sob stories of consumers who bought PDAs and baby buggies that they don't even like?

This is of a parcel with the ongoing regulatory process, whereby every trivial thing that is wrong with the world requires a rule to correct it.  But then, that's what you'd expect me to say.

Update:  More from Walter Olson


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