The New Yorker published the latest treatment of presumed 2020 presidential candidate Sen. Cory Booker and his “baby bonds” bill, one which followed an interesting but flawed trend in coverage of Booker’s proposal.

Booker’s bill, modeled after pre-Obama proposals from then-Sens. Jim DeMint, R-S.C., and Joe Biden, D-Del., would create “opportunity accounts,” or extremely regulated bank accounts with seed money and annual investments for low-income children to use for education and investments as they reach adulthood. The idea is neither awful nor fully baked.