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I think he's saying one way to control misinformation is by applying censorship, with the obvious implication that censorship is undesirable. You take the good with the bad, whether that means freedom of speech and some misinformation, or "correct" information and censoring any other news or view points.

I know which I'm more afraid of...

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One other option is to increase the cost of putting information out there. That's basically what we had pre-internet. Having gatekeepers isn't censorship but it does cut down on dissemination of fake news. But that too has its downsides.

Another option is accountability, requiring a confirmed identity to be disclosed with any posting. If people knew who was behind fake news, it would potentially be less damaging.

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