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Enter the Internet news voucher. Under our proposal, each news article on the web will end by asking readers whether it contributed to their political understanding. If so, they can click the yes-box, and send the message to a National Endowment for Journalism -- which would obtain an annual appropriation from the government. This money would be distributed to news organizations on the basis of a strict mathematical formula: the more clicks, the bigger the check from the Endowment.

a news organization must have a group of editors and fact-checkers committed to journalistic integrity.

Although the Internet may have destroyed the newspaper's old business model, we can use it to create a new decentralized system that may generate an even more vibrant marketplace of ideas for the twenty-first century.