The quantity of steel may be inherently limited, but we can still make more than what we have now. Land behaves differently because of the extremely in elastic

The quantity of steel may be inherently limited, but we can still make more than what we have now. Land behaves differently because of the extremely in elastic supply. And it's not very fungible; a lot in the middle of Nevavda hundreds of miles from the nearest freeway is not exchangeable with the same size lot in Palo Alto. And the limit itself is the amount of iron ore; that would be considered economic land, but the steel may just be considered capital.