> Did creating the iPhone induce demand for iPhones that otherwise would not have been there? Was there pent up demand for iPhones that was sated by their creat

> Did creating the iPhone induce demand for iPhones that otherwise would not have been there? Was there pent up demand for iPhones that was sated by their creation? Invention is the mother of necessity. — Marshal McLuhan > In the same way, it seems strange to term things induced/pent up demand. Increased road capacity means people could plan more car trips without worrying about sitting in traffic. Until that new capacity is filled up and now you have even more people sitting in traffic. The only way to reduce traffic is to get people out of cars, otherwise you're just spending money to kick the can down the road. See "What People Get Wrong About Induced Demand" by the Oh The Urbanity! channel: * https://www.youtube.com/watch?v=8wlld3Z9wRc https://www.youtube.com/watch?v=8wlld3Z9wRc Also "Does Induced Demand Apply to Housing?": * https://www.youtube.com/watch?v=c7FB_xI-U6w https://www.youtube.com/watch?v=c7FB_xI-U6w