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I am arguing that there are no marginal projects at current profit levels, and that's why they can spend billions on stock buybacks. There is a point that lesse

I am arguing that there are no marginal projects at current profit levels, and that's why they can spend billions on stock buybacks. There is a point that lessening patent protections would cause companies to cut back, but we are not at that point.

gruez 5y ago
>I am arguing that there are no marginal projects at current profit levels, and that's why they can spend billions on stock buybacks How does the act of buybacks imply that there are no marginal projects?