“The history of making money in this country is a history of exploiting the policy makers,” he said. “Liberal, conservative, Democrat, Republican—it doesn’t matter. Let the policy makers act, and then study the places ripe for exploiting. Are they lending without interest? Attack the asset bubble. Currency pegs? Short foreign debt. The policy makers are there to protect capitalism, and America more generally. We’re there to be smarter than the policy makers,” he said to the policy maker.

