Bailing Out Journalists: Another Problem Too Simple for Policy Types to Understand

Ben Smith had a piece on the collapse of the news industry and makes a case that the government will play a role in rescuing journalists, even if it does not rescue specific news outlets. There is a very good argument for this, except most people across the political spectrum would probably not like the idea of the government deciding which journalists get supported.

As Smith has written previously, the obvious answer to have some sort of individual tax credit, where the government gives...