Bernanke: happiness is relative
Ben Bernanke, chairman of the Federal Reserve, set aside discussions on current events on Saturday to meditate on the economics of happiness to students at the University of South Carolina.
Bernanke differentiated between the concepts of short-term happiness and longer term life satisfaction, noting that the relationship between life satisfaction and happiness, and the factors contributing to each, is not always straightforward.
"When I was a kid, having a colour television was a major status
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