The business model of blogs and seminars is to make points and miles hacking accessible to everyone. And their credit card overlords partners reward them for it.

But in doing so, are they strangling the goose that lays the golden eggs?

I am torn.

On the one hand, I see Smisek's mile devaluation as little more than an accounting trick to try to make up for his pathetic management of UNITED.

On the other, by increasing the number of points and the ease with which they are hacked by all, it seems like bloggers and their credit card sponsors have created an inflationary environment for points and miles. Especially when they are featured on mainstream media.

And in either case (or even if it's a little bit of both), as Delta and United make travel hacking less profitable for the masses, do bloggers worry that they are going to be out of business sooner rather than later? Or will the need to collect twice as many miles just cause the cc companies to double their promos?