In the US, higher prices for one good can signal lower prices elsewhere, because spending shifts across goods and services rather than lifting everything together.
Cheaper technology does not mean broad price calm. As supercomputers moved into pockets, finite luxuries like hotel rooms, sports tickets, and tuition became costlier.
This argument rejects the idea that the central bank can create true price stability, because countless transactions and global production patterns shape prices.
The view here is that a steadier dollar would unlock investment now tied to inflation hedges, compressing many prices while lifting scarcer goods even more.
The conclusion: no lasting price stability exists, and changing prices can reflect economic progress rather than decline across the US economy overall.
