A truly frightening prospect, considering the fact that it implies some kind of authority, most likely governmental, deciding what is and is not “good quality information”.
Countries in the European Union have their own governments and their own leaders that only send a select few to the Europarliment to deliberate on matters that affect the entire continent. The United States were intended to be a similar sort of construct, except in the U.S. the fed is also in charge of interstate law, foreign policy and the military, among a myriad of other things. That was always the intended blueprint. The founders were never in support of a fully unrestrained democracy, for reasons that were already explained.