In 1974 economist Richard Easterlin observed that while incomes in various countries had increased, reported well-being and life satisfaction on surveys had not. In other words, more money didn't make people happier. For four decades, the Easterlin Paradox has more or less been the conventional wisdom. Reason Science Correspondent Ronald Bailey looks at more recent studies that find that on average more money does in fact produce more happiness.
Reason's Annual Webathon is underway! Donate today to see your name here.
Reason is supported by:
No, but that's not stopping a litigious vegan from making his case.
Elizabeth Warren Would Rather Make You Fix Your Terrible Public School Than Let You Send Your Kid to a Charter School
"You don't like the building? You think it's old and decaying? Then get out there and push to get a new one," she said.
This is why we can't have serious conversations about government spending.