he thinks rising energy prices growing in accordance with GDP is “not real growth,” just inflation
And this claim is essential to his argument, because he has an argument why (once we have a Dyson sphere) energy prices won’t rise much slower than nominal GDP, but he does not have an argument why prices in general won’t rise much slower than nominal GDP.
And this claim is essential to his argument, because he has an argument why (once we have a Dyson sphere) energy prices won’t rise much slower than nominal GDP, but he does not have an argument why prices in general won’t rise much slower than nominal GDP.