Blue Smoke and Mirrors: Tobacco Bond Meltdown Heralds Worse | Via Meadia: "But unfortunately tobacco isn’t the only cow the blue model is trying to kill and milk at the same time. Blue model governance involves relentlessly escalating costs, proliferating environmental and other forms of regulation, and an inexorably increasing tax burden to cover the costs.Blue = jack*sses O course should you have not figured that out yet...
That is basically the attitude of many cities and states toward small business in particular: they regulate it to death even as they scramble to figure out how to wring more taxes out of an increasingly sickly beast.
Hunting your prey to extinction is not a wise move; too often, though, that is where the logic of blue model governance leads."
Open Thread
36 minutes ago