I realise that, but this argument is based on the assumption that things in the world are rationally priced.
When an NFT sells for more than a small power plant and a celebrity dog walker can be paid more than a nuclear engineer I don’t have a lot of faith in that premise.
Fair call. But while obviously imperfect, cost in $ is about the best estimate we have of the underlying value of all resources involved for a given economic output. Unfortunately it typically doesn't include externalities - if it had done so historically nuclear might already be cheaper now than fossil fuels.
When an NFT sells for more than a small power plant and a celebrity dog walker can be paid more than a nuclear engineer I don’t have a lot of faith in that premise.