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. Of course, the sole purpose of these markets is for various figures on the periphery of America’s current, shameful administration to convert some of that shame into more fungible assets.