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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. She is currently on leave.
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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.

The Political Law of Large Numbers

By Megan McArdle
Mar 4 2010, 10:58 AM ET Comment

I once subscribed to the theory that when a party has ruled too long, the rot sets in--members grow corrupt, and over time, grow into self-serving special-interest grubbing machines.

I don't think this is all wrong.  But I'm beginning to wonder if there isn't something else at work: simple arithmetic.  The more members you have, the more members you have who can do something disastrous to your party's public image.  Couple that with the rise of electronic media, which gives whistleblowers more avenues to express themselves, and can magnify a peccadillo into a scandal almost overnight, and you have . . . the Republican Party of 2006.  Or the Democratic Party of 2010, as our sister publication reports.
Embattled incumbents with ethics problems. Allegations of sexual harassment leading to a competitive open seat. Dems have seen this movie before -- only last time, it happened to the other guys.

Now, a beleaguered Dem majority has to hope their party can withstand a building wave that favors the GOP, and that effort isn't made any easier by countless, and mounting, self-inflicted errors.
Any party is going to have a given percentage of people in it doing fairly appalling things.  If you up the numbers, and the transparency, you get about what we're seeing now.  And no doubt will see again, once the Republicans are back in power. 


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