Comment by FooBarBizBazz

This is why the current high-interest-rate approach worries me. Inflation is high in part because capacity is low. Yet, due to short term demand destruction (meant to "get supply and demand in balance"), long term supply will also not be created, and productive capacity will be permanently diminished. Like in this case, for short term reasons related to "market conditions", Google is canceling construction of 15k homes. It's actually absurd and obscene when you stop to think about it.