Associated Press. Even though the Nobel Prize winner Daniel Kahneman was involved in this study, the idea of using survey research to reach this sort of conclusion gives me the willies. However, past studies have found repeatedly that happiness levels quit rising once someone reaches an income level at which he can meet basic needs and have a margin for safety. Thus, the $75,000 figure is also suspect, since it’s a lot cheaper to live in, say, Oklahoma than in San Francisco.
Wall Street Journal
Michael Moore (hat tip reader Frank A)
Wall Street Journal. Repeat after me: Bank stress tests are PR exercises.
Matthew Lynn, Bloomberg
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