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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.

Damn Those Tricksy Republicans With Their Hate and Their Crop Subsidies!

By Megan McArdle
Feb 2 2010, 11:18 AM ET Comment

One of Andrew's readers writes:

There is a portion of the Republican base in the Plains states that believe not all Americans are entitled to health care, but all farmers are entitled to payments from the federal government for crops to be grown that nobody actually needs.  If a spending freeze means more cuts like the ones proposed here, I'm all for it.

One would think that there were no Democrats on the Senate Agricultural committee--or, for that matter, no Democrats from Nebraska, North Dakota, Iowa, Minnesota, and so on.

Would that it were so . . . we might have a shot at killing off farm subsidies.  Sadly, not the case.  George Bush I tried to trim back farm subsidies.  Bill Clinton "ended" them.  Next decade, George Bush II also made a run at killing them off.  Obama's freeze will founder on the same two problems:  farm states wield disproportionate, bipartisan power in the Senate, and Americans think that farmers are really, really cute.  In the American mind, all farms are run by the Ingalls family who skip around solving the problems of the townsfolk between picturesque striding through waving rows of corn.  In truth, they're rather more apt to be high-tech sharecroppers for Cargill and ADM, but we can't shake the image.

It is true that there is a portion of the GOP base that believes that farm subsidies are sacred, but this is hardly limited to the plains states--which is why I avoid discussing milk price supports with the fine folks of western New York's dairy country.  Nor is it limited to Republicans, which is why I wouldn't discuss milk price supports with Patrick Leahy, either.  Farm subsidies are going to be with us until our robot overlords decide to dispense with these inefficient and outmoded means of productions.


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