Exactly. This makes fake news, propaganda etc a denial of service attack enabled by freedom of speech. The freedom comes at a cost.
Careful, friend. This road does not lead where you think it leads...
It's the modern (social) media environment and its inherent ways of allocating attention that creates the extreme asymmetry in distribution costs, where it's now cheaper than ever to distribute attention-grabbing bullshit, but still pretty expensive to distribute comparatively-boring facts.
I'm confident that if you look at archived US publications going back to before the revolution you'll find rampant "misinformation" the whole time.
Most moderation ends with people losing their jobs? Really?
The difference in degree you mention is the boundary between legally (and sometimes morally) acceptable and unacceptable forms of vigilantism.