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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.

Farmers and Welfare

By Megan McArdle
Nov 4 2009, 2:35 PM ET Comment

A number of my commenters had much hilarity with my statement that farmers hate welfare.  This isn't a normative statement, but a positive one: they hate welfare.  Is it hypocritical of them to support farm subsidies?  In one sense, no: qualifying for most farm subsidies involve quite a lot of hard, dirty labor.  In another sense, absolutely, and there's a reason I don't discuss the virtues of milk-price supports with my relatives.

The core of the farmer aversion to welfare programs specifically is that old farmer maxim: "If you don't work, you don't eat."  But there's a flip side to that: farmers never starve.  They have lots and lots of other problems, and my grandparents' generation was very poor.  But with land, they eat and keep roofs over their heads. 

So there's a certain emotional resistance to the notion that it is necessary to provide food and shelter for able-bodied adults.  And also a deep emotional resistance to going on assistance.  They're much more sympathetic to disability, social security, and other transfers to the less able-bodied.

There's also the fact that one of the things that can make it very hard for a farmer to keep a roof over his head--aside from the debt he is prone to acquire during his more exuberant harvest seasons--is property taxes.  They make near-subsistence farming nearly impossible.

None of this is any particular attempt to justify the rural worldview, or farm subsidies.  It just is.  You can rail against it, but it's no more stupid, incoherent or self-interested than the worldview of any other coherent demographic group I can identify.


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