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Show ECONOMIC LAW ABOVE STATUTE LAWS The complexity of modern business requires somo legislation to keep It from working Inequalities. But statute sta-tute Jaws can never bo made to supercede sup-ercede economic laws. As long as a people, flush with money, insist upon buying tho best of every tiling nnd at the highest prices, production will be limited to those standards. As Ion as production goes along on .short-.tlmo .short-.tlmo and at less than the maximum or cfllclency, prices will ho flxod by that condition and will be high in proportion as tho supply Is low. No law of congress, no action by tho government can keep prices down In tho faco of an Inflated currency, underproduction nnd extravagance. Tho government, as tho president I said in his address to tho railroad ' Bhopuion, Is doing what Is can ' against profiteering. 11 ill that is a minor factor. It will take Increased production, accompanied by saving, as he pointed out, to" materially reduce re-duce tho high cost of living. In attacking tho high cost of living tho cry constantly goes up for more laws, more penalties, more probes, Inioro reports, more recommendations and from Secretary Retinoid moro teams ot demonstrators to teach tho housekeepers how to get away from beef steak by cooking fish. Tho chairman of the ways and means committee says taxes will bo higher In the future rather than lower. low-er. It takes a lot of money, you know, to conduct all tho government investigations In to tho high cost of living. ! m |