Page:Earle, Does Price Fixing Destroy Liberty, 1920, 078.jpg

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78
DOES PRICE FIXING DESTROY LIBERTY?

workings of sound economic law to further enlarging home production, and thus secure independence, and an average of low prices; whilst, at the same time, our foreign competitors, under the law of freedom, are gaining the power to still further control our markets. It has established that a power existing only for self-protection, can contrary to the Constitution, be turned into a power for the destruction of industries. And the most astonishing contention as to this power, is that it can be used to ruin men for not having mental powers, beyond the capacity of mortal men. For, hereafter, they must know in advance, even in periods of extraordinary governmental extravagance just what are to be governmental exactions; in times of exaggerated uncertainty they must measure even beyond any reasonable doubt the fluctuations and future inflation of the currency, the future result of future years,—how much and when inflated prices will collapse, to what degree "replacement" must and will take place, the varying efficiency of labor, all changes in costs, in interest, in freight rates, and every other item involved in doing business; how will occur all contingencies such as wars, strikes, disorders, droughts, floods, embargoes and transportation difficulties; they must, in a word, do what men in larger measure, ever have been striving and ever failing to do.

As this can never be done in the case of commodities, beyond a reasonable doubt, this "war power" must, in times of stress, make legal the absurdity of attempting to aid the nation, by punishing its business men for what always must be mere guessing; and seek to impair their efficiency and patriotism by keeping them in constant anxiety lest what they have to "guess at" may seem to be wrong to others, also guessing, but having less knowledge. Such guesses, business men