Can you explain it to me because I’d love to know more. My base assumption is if the US had a spike in food prices would they not dramatically increase interest rates, until food prices deflated?
Rising rates would then drop their current asset bubble due to a contraction in money supply. Hence it could be seen not to be as much a tax as it would be a large amount of pain for existing asset holders who hold nominally valued assets, which would mainly be the rich?
Another assumption I’d make is higher inflation would also lead to a lower unemployment and greater wage pressure, due to the phillips curve?
Being cheaper than Lithium is great, but are they cheaper than nuclear?
The manpower of maintaining all these batteries seems like it would also be a lot, how would you do it for an entire grid, or would you need to have each individual placing a battery on their property to deal with brownouts?