How Are Stock Buybacks Legal and Do They Even Work?

I honestly do not understand the need or legality behind stock buybacks, especially if money from a government subsidy is being used to buy back those stocks. To me, it sounds like a company pumping up it’s perceived value without actually fixing any real issues with the company. In this clip, like most of our clips from this podcast, Chris Englebert  brings some truth to my theory but also explains how it’s a double edged sword and can sometimes prevent a recession or even depression. 

Listen to the full audio
https://open.spotify.com/episode/6YUZ3bF8lIKWmcdH4mpO0l?si=c541308286094ebc

Watch the full episode here
https://youtu.be/iS8LhWQOs3Q 

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