Thursday links: let's monetize (opens in new tab)

Scott Sumner: Paid subscriptions. His blog, “The Pursuit of Happiness”, will be mostly behind a paywall moving forward. Unfortunate but completely expected: the Monetize button on all these platforms is a Chekhov gun waiting to go off. Remember, that is why friends don’t let friends write on substack. Harry Crane: Prediction Markets: Real Financial Assets or just Sports Betting? Clearly the latter, although Crane makes a valiant effort to portray them in a more positive light.