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So the central bank can ride a financial storm by blanket buying paper with fresh money and let the market discover the winners How can the market determine th

So the central bank can ride a financial storm by blanket buying paper with fresh money and let the market discover the winners How can the market determine the winners if the central bank is propping up the losers by buying their paper?

yholio 6y ago
Because the buying would be indiscriminate, while the market can (and will, to an extreme degree) discriminate.
- jcbrand 6y ago
  If this was true, "zombie companies" wouldn't be a term bandied around as much lately.