As discussed, Drobny surveys some seriously smart characters in his new book. These are some of the biggest and best performing hedge fund managers in the world, who all survived the crisis unscathed. Here is what one had to say on policy makers:
"It is now clear that the bias of policy makers is very much towards protecting the current generation. If you look at policy makers' instincts in the crisis, never once was the option of just letting the system figure it out left on the table. But that makes sense given policy makers' short-term horizon, which is a function of the election cycle."
