Hayek on Fake News

“To the libertarian, this is hardly news. The mainstream media has long been part of what Rothbard called the “opinion-molding class,” the group of intellectuals, academics, journalists, and public figures whose essential role is to legitimize the administrative state. Journalists don’t report the news; they shape public opinion by choosing what to report and how to “spin” the story to fit a particular worldview, or “narrative.” This is often deliberate, but can be subconscious, because journalists, like all of us, suffer from confirmation bias, the tendency to interpret ideas and evidence in a way that is consistent with our prior beliefs. ”