The classical theory of recession in pictures

And then from nowhere, this.

The back story is to explain why there were so many pictures of the meteorite which was because virtually every driver in Russia has a dashboard camera since the legal system is about as trustable as you might expect.

It is that the unexpected can happen in so many ways that makes being in business so chancey and the management of economies so difficult. An economic system that is built on the recognition that things will happen out of nowhere, some good most bad, is the only way to make the best of a very difficult job. Peeling the hands of governments back from their various attempts to “run” things once the rules of the road have been put in place is the best you can hope for.

Here, by the way, is a video of that meteorite:

[Via Instapundit]

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