Page:Earle, Does Price Fixing Destroy Liberty, 1920, ALT080.jpg

80 mistake is in thinking it possible that there is no relief except by a liberty-destroying governmental interference. Every Political Economist knows that—except under monopolistic conditions—Freedom herself not only brings relief, meting out a proper punishment, if any punishment be deserved, but brings the only relief that, throughout the centuries, has ever proved effective. Chains and penalties but enhance prices to give the necessary inducement to face ignominy and danger.

The Spokane Company case affords another illustration of the impossibility of enforcing such a law except through injustice and short cuts. No adequate investigation of unjust, unreasonable and excessive prices can really be had; that a man bought at one price and sold at another, proves nothing in reference to prices. So far as observation goes, it has been the method universally adopted to establish in the cases before the court alleged profiteering.

Judge Rudkin seems as well to have misunderstood Mr. Justice Holmes' very valuable and clear