$\gamma$ rays run on time

Significant absorption of radiation is usually accompanied by refraction. This is not the case for $\gamma$ rays travelling cosmic distances. We show that the real and imaginary parts of the refraction index are indeed commensurable, as they are related by dispersion relations, but when turning to physical observables, the (finite) optical depth is way larger than the (infinitesimal) time delay of the gamma rays relative to gravitational radiation. The numerically large factor solving the apparent contradiction is $E_\gamma/H_0$ arising from basic wave properties (Bouguer-Beer-Lambert law) and the standard cosmological model, respectively.