Economics Explained Misunderstands Induced Demand

His excuse of a video gives me an opportunity to talk about steam engines, Xi and drifting...

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Cited Articles:
https://eurasiantimes.com/a-whopping-900b-debt-chinas-once-profitable-high-speed-railways/
https://www.worldbank.org/en/news/press-release/2014/07/10/cost-of-high-speed-rail-in-china-one-third-lower-than-in-other-countries
https://www.railway-technology.com/features/why-is-new-south-wales-scrapping-its-high-speed-rail-plans/

Time Stamps:
0:00 Intro
1:05 Economies of Scale
3:48 Chinese High Speed Rail
9:29 Induced Demand
14:29 But Muh Car
16:26 Extra info
17:48 Outro