09/09/2026
USA: Why ‘Price Stability’ Is a Myth
Many believe the idea of ‘price stability’ is achievable, but in reality, shifting prices across different goods and services tell a more complex story. For instance, as technology like supercomputers became affordable and accessible, we’ve seen the cost of things like hotel rooms, sports tickets, and tuition continue to climb. This isn’t just about inflation—it’s a reflection of how we value what’s rare and how our spending priorities change. The central bank alone can’t guarantee price stability, since prices are influenced by countless global factors and everyday transactions. If the dollar were truly steady, investments currently aimed at hedging against inflation might flow into other areas, possibly lowering many prices but making scarce items even more valuable. In my work helping home buyers and sellers in East York and surrounding areas, I see firsthand how these price dynamics play out in the real estate market—changing home values often reflect evolving opportunities, not just economic challenges. In the end, lasting price stability is more a myth than a reality, and shifting prices are often signs of progress.