@edwiebe @georgramer @alexwild Why would billionaires act in that specific way? Can you give me an example?
It seems that very roughly, the price of something reflects how much energy was used to make it – literally, that is what you are paying toward – and therefore how much carbon emissions. I know there are plenty of exceptions, but when in doubt just do whatever option involves spending less money.
@georgramer @edwiebe @alexwild I don't get how that would cause misleading price signals about carbon impact.
@georgramer @edwiebe @alexwild Still not following you. If all prices go up, then the energy-intensive products still cost more, all else being equal, so same steering effect as before.
@ech @georgramer @edwiebe @alexwild the steering effect diminishes as the percentage of cost relating to energy goes down.
@ech @edwiebe @alexwild AFAIK part of the recent inflation was not so much that production costs increased but that customers expected price increases which "allowed" to increase prices for groceries way higher, growing profits.