All that glitters is not stardust.
New Mexico has been offering lavish lubricants to the film industry for several years now in the form of loans and tax credits.
Nothing creates the illusion of success quite like subsidies. And no place in the country has a better record for booms that bust than the western United States.
Think gold. Think oil. Think celluloid.
For a while, everybody wants the glamour. Everybody imagines the bucks. Everybody wants to get in on the act.
But guess what? Subsidies are one hard act to sustain and a harder act to follow.