Should stock buybacks be banned?

Buybacks should be regulated for abuse, but banning them outright would remove a legitimate way to return capital when better investments are unavailable.

Buybacks are a legitimate way to return capital to shareholders who can reinvest it more productively, and banning them won't force better wages or growth—it just distorts capital allocation.

Stock buybacks allow companies to efficiently return excess capital to shareholders, who can then reinvest those resources in higher-growth sectors of the economy.