Remarkable Substitutes

Scarlett O’Hara: You do talk scandalous!

Rhett Butler: Scandalous and truly. Always providing you have enough courage– or money– you can do without a reputation.

Scarlett O’Hara: Money can’t buy everything.

Rhett Butler: Someone must have told you that. You’d never think of such a platitude all by yourself. What can’t it buy?

Scarlett O’Hara: Oh, well, I don’t know– not happiness of love, anyway.

Rhett Butler: Generally it can. And when it can’t, it can buy some of the most remarkable substitutes.

                            — Margaret Mitchell, Gone with the Wind

I do think at a certain point you’ve made enough money.

                            — Barack Obama

From Reason magazine:

“In his seminal 1974 article, “Does Economic Growth Improve the Human Lot? Some Empirical Evidence,” the economist Richard Easterlin noted 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.

“In the four decades since, the Easterlin Paradox has more or less become established as the conventional wisdom. Later researchers argued that what really matters for a person’s overall life satisfaction is relative income. The implication is that if relative socioeconomic positions don’t change when everyone gets richer together, a country’s average happiness doesn’t increase. Getting ahead of the Joneses makes a person happier, but merely keeping up with them does not.”

For the entire article, see this link

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