Clay County Political Hot Mess Over Horse Barn Holds 'Moral Hazard' Teaching Moment For Future Kansas City Development
We wanted to skip this one because former the antics of the Kansas City area Northland middle-class and their political posturing aren't that interesting . . . BUT more than a few of you have sent this link our way, we're inspired by an old school image of Candice Swanepeol playing the part of bikini hottie equestrian and it's a nice round-up of a development and entertainment hot mess amid a booming local population center.
Here's the trend across the bridge but still concerning Kansas City . . . The tourist schemes of the suburbanite middle-class aren't any better than their urban core political counterparts.
Take a look at an exceptional column putting all this into perspective:
Northland News - Musings: On the Moral Hazard of Government Funded Entertainment
"A perfect example of why government should not be in the business of developing assets or attempting to market said developed assets. It always creates a moral hazard.
"For those that don’t know, a moral hazard is an economics term. A moral hazard occurs when one interest group feels the need to take a risk when someone else bears the cost of the risk.
"In this situation, the risk was a construction of a new horse barn, errr….. “Multi-Purpose Building” at Smithville Lake that cost somewhere around $80,000. And an additional marketing risk of something around $20,000 for the Best of America by Horseback TV show to appear in the County."
You decide . . .