Source: Christian Science Monitor
by staff
“For the past couple of years, American politicians on the left and right have competed to define a political buzzword: affordability. Does it mean increasing individual resources to meet everyday costs? Or raising the output of goods and services to lower prices? Or both? On Tuesday, Congress did the country a favor by passing a bill – in a rare case of broad bipartisanship – that helps give common meaning to the word. The measure puts a stamp of approval on an often unescapable law: that supply will rise to meet demand when free to do so. The bill, which still awaits the president’s approval, mandates a range of initiatives aimed mainly at raising the nation’s housing stock. It would reduce production bottlenecks rather than raise subsidies for home purchases. The number of parts in the legislation itself reflects how much lawmakers endorse a supply-positive approach.” (06/24/26)