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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.

Students Protest University Cutbacks, Reality

By Megan McArdle
Mar 4 2010, 3:45 PM ET Comment

As someone who was known to attend a protest or two herself during college, I have been struggling mightily to find some sensible arguments in the movement of students protesting budget cuts at their campuses.  But while I'm sympathetic to students finding it harder to attend college, I'm not sure what they think is supposed to happen.  There's no money.  This is not some question of reallocating resources from bad uses to good--everything is being cut because their institutions are under serious financial duress.  When administrators point this out, the students reiterate how hard it all is, as if doing so will spur the administration to shake the money tree harder until extra cash falls from the skies.

I mean, they might protest the core business model, in which so many employees are effectively unfireable, meaning that everyone else has to take a disproportionate share of the cuts.  But other than that, what is all this protesting going to accomplish?  Telling the administration they're unhappy?  Trust me, the administration is pretty unhappy too.


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