[aslkdjaslkdj1]

One of his arguments is that corporations spend a larger % of their net income on buybacks due to exec compensation incentives and many companies do both dividends (which tends to be continuous and a shock to the stock price when removed) and buybacks which are more isolated events.

[darawk]

Using his own data, which by the way, makes no attempt to control for other factors, that change is from 79% to 84% devoted to shareholder returns. That is hardly a 'save the economy' level of change, even if you grant the incredibly dubious connection.