Skip Navigation
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. She is currently on leave.
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.

Secretary LaHood Says We Don't Need to Make Tradeoffs Between Safety and Utility

By Megan McArdle
Feb 24 2010, 12:24 PM ET Comment

I'm watching the Toyota hearings, which at the moment feature secretary Ray LaHood.  He just had a very interesting exchange with Representative Mark Souder, who has a GM auto plant in his district.  Souder obviously has an interest in defending the interests of automakers, but he asked a good question:  doesn't excessive punishment of companies that have problem--either in law, or in the court of public opinion--discourage them from being aggressive about finding problems in the first place?



LaHood said he wasn't worried about this, then proclaimed that safety had to be the number one priority of both his agency, and the automakers, and that he would ceaselessly hunt down malefactors until this was true.  This sounds wonderful, of course, but it is not actually true; as Souder pointed out, lowering the speed limit to 30 mph would save a lot of lives, but we don't do it.  Aren't there tradeoffs, he asked.

At which point Secretary LaHood achieved liftoff and rapidly departed reality.  He responded that lowering the speed limit to 30 mph would not save any lives, which is why we have minimum speeds on highways.  Representative Souder looked just as flummoxed as I was; did the secretary of transportation really not understand that the minimum speed limit exists to ensure that traffic is travelling at basically the same speed--which is indeed safer than allowing wide speed differentials?  Could he possibly believe that it was actually safer to drive 40 mph than to drive 30 mph?

Yes, apparently he could.  When Souder pointed out that the minimum existed in order to minimize speed differentials, LaHood proclaimed, "I don't buy your argument, Mr. Souder." Secretary LaHood seems to be arguing that the laws of the United States override the laws of physics.  I spend a fair amount of time hanging around isolationists who take a pretty hardline stance on U.S. sovereignty, but even for me, this was novel.

This is about the tenor of most of the hearing--I haven't seen so much posturing since I graduated Miss Elliot's Charm School for Gentlewomen and Girls.  It's clear to me that there have been some real problems with Toyota cars.  But it also seems like the hysteria and the hype are rapidly becoming unmoored from any actual danger.
Presented by

More at The Atlantic

The New Welfare State: Faster, Cheaper ... and Out of Control? The New Welfare State: Faster, Cheaper ... and Out of Control?
Fact-Checking Claims on the Wonders of Pomegranate Juice Fact-Checking Claims on the Wonders of Pomegranate Juice
The Controversial German Book Linking the Euro to Holocaust Guilt Holocaust Guilt Is to Blame for the Euro
The $630-Million Trees That Sparked a Social Media Revolt in China The $630-Million Trees That Sparked an Online Revolt
'Tis the Season to be Hateful (in Sports) It's Okay to Hate Sports Stars

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus
View All Correspondents

The Biggest Story in Photos

Where in the World? Part 3: A Google Earth Puzzle

May 25, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

(sample)

(sample)

Megan McArdle
from the Magazine

Why You Can’t Get a Taxi

And how an upstart company may change that

Europe’s Real Crisis

The Continent’s problems are as much demographic as financial. They won’t go away soon.

Why Companies Fail

GM’s stock price has sunk by a third since its IPO. Why is corporate turnaround so difficult…