Tootfinder

So look, if you talk to me about the job threat from the things we currently call “AI,” well…
…if where you’re going with that is “The concentration of wealth is an existential crisis! Establish UBI! 99% marginal tax rate! Capital gains tax! Wealth tax! Abolish billionaires!” then yes, I’m •all• ears. My pitchfork is already sharpened.
But if where you’re going is “Get in on it now while you still can! Buy the AI vendors’ products! Drink radium for that youthful glow!” then…kthanksbye. I am not going to be a vector for your marketing propaganda, no matter how agitated you are.
/end

So look, if you talk to me about the job threat from the things we currently call “AI,” well…
…if where you’re going with that is “The concentration of wealth is an existential crisis! Establish UBI! 99% marginal tax rate! Capital gains tax! Wealth tax! Abolish billionaires!” then yes, I’m •all• ears. My pitchfork is already sharpened.
But if where you’re going is “Get in on it now while you still can! Buy the AI vendors’ products! Drink radium for that youthful glow!” then…kthanksbye. I am not going to be a vector for your marketing propaganda, no matter how agitated you are.
/end

Replication of Reference-Dependent Preferences and the Risk-Return Trade-Off in the Chinese Market
Penggan Xu
https://arxiv.org/abs/2505.20608 https://

Replication of Reference-Dependent Preferences and the Risk-Return Trade-Off in the Chinese Market
This study replicates the findings of Wang et al. (2017) on reference-dependent preferences and their impact on the risk-return trade-off in the Chinese stock market, a unique context characterized by high retail investor participation, speculative trading behavior, and regulatory complexities. Capital Gains Overhang (CGO), a proxy for unrealized gains or losses, is employed to explore how behavioral biases shape cross-sectional stock returns in an emerging market setting. Utilizing data from 1…

Canadians: Replace Ardern with Trudeau and use other Canadian touchstones in place of #nzpol and you have an accurate article for Canada.
Which should speak to what Progressives actually need to do here, and everywhere.
"Ardern’s leadership has often been described as emotionally intelligent, compassionate, and people-centred. But compassion is not liberation. Empathy alone does not redistribute wealth, dismantle police power, or decommodify housing. What Ardern perfected was a mode of governance that couched neoliberalism in progressive language. A style of leadership that appeared anti-fascist, anti-racist, and feminist, while presiding over deepening inequality, mass incarceration of Māori, ongoing colonisation, environmental destruction, and a housing system that serves landlords and property speculators.
Ardern’s “politics of kindness” masked a status quo commitment to capitalism and state power. Her government’s housing policies floundered under the weight of market logic. Despite the crisis of homelessness and unaffordability, the Labour government never seriously considered nationalising housing, implementing rent controls, or seizing vacant properties from land-bankers. Instead, they protected the interests of property investors, many of whom were MPs themselves."
#canpoli #cdnpoli #trudeau #Liberal #Ardern
https://www.anarchistfederation.net/the-cult-of-kindness-the-reality-of-jacinda-arderns-leadership/

The Stablecoin Discount: Evidence of Tether's U.S. Treasury Bill Market Share in Lowering Yields
Lennart Ante, Aman Saggu, Ingo Fiedler
https://arxiv.org/abs/2505.12413

The Stablecoin Discount: Evidence of Tether's U.S. Treasury Bill Market Share in Lowering Yields
Stablecoins represent a critical bridge between cryptocurrency and traditional finance, with Tether (USDT) dominating the sector as the largest stablecoin by market capitalization. By Q1 2025, Tether directly held approximately $98.5 billion in U.S. Treasury bills, representing 1.6% of all outstanding Treasury bills, making it one of the largest non-sovereign buyers in this crucial asset class, on par with nation-state-level investors. This paper investigates how Tether's market share of U.S. T…

Liquidity provision with $\tau$-reset strategies: a dynamic historical liquidity approach
Andrey Urusov, Rostislav Berezovskiy, Anatoly Krestenko, Andrei Kornilov
https://arxiv.org/abs/2505.15338

Liquidity provision with $τ$-reset strategies: a dynamic historical liquidity approach
Since the launch of Uniswap and other AMM protocols, the DeFi industry has evolved from simple constant product functions with uniform liquidity distribution across the entire price axis to more advanced mechanisms that allow Liquidity Providers (LPs) to concentrate capital within selected price ranges. This evolution has introduced new research challenges focused on optimizing capital allocation in Decentralized Exchanges (DEXs) under dynamic market conditions. In this paper, we present a meth…

Hybrid Monetary Ecosystems: Integrating Stablecoins and Fiat in the Future of Currency Systems
Hongzhe Wen, Songbai Li
https://arxiv.org/abs/2505.10997 htt…

Hybrid Monetary Ecosystems: Integrating Stablecoins and Fiat in the Future of Currency Systems
With market capitalization exceeding USD 200 billion as of early 2025, stablecoins have evolved from a crypto-focused innovation into a vital component of the global monetary structure. This paper identifies the characteristics of stablecoins from an analytical perspective and investigates the role of stablecoins in forming hybrid monetary ecosystems where public (fiat, CBDC) and private (USDC, USDT, DAI) monies coexist. Through econometric analysis with multiple models, we find that stablecoin…