The only reason there is induced demand is that the infrastructure is too small to support the way our cities and metro areas have evolved. Maybe the way they have evolved is a product of the Eisenhower Interstate highway system, but we're already invested in that infrastructure. It would take an inordinate amount of money, resources, and effort to relocate and redesign our cities than to just build the correct size (and number) of highways to support the population.
In addition - one thing that it seems highway planners rarely plan correctly for is growth. The population of the Washington DC metro area has grown from about 3 million in 1980 to over 6 million currently. Many of the highways are nearly the same size over that span.