Will Jerome Powell mention rationalussy at a press conference before 2025?
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Rationalussy has profound impacts on longer term gdp growth projections. If much of what men earn is just to get higher status to impress mates, then the advent of rational AI catgirls will turn the economy upside down. The productivity of labor will be much higher but the lifestyle return on income will be much lower. This will drastically decrease labor force participation and require adjustment to Fed policy.
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