From Tibor R. Machan:

Re: Money CAN buy happiness, within limits: study (Sept. 8): I believe this study is misleading. They are talking about satisfaction, not happiness. Sure with more money people get more of what they want and need, which gives them satisfaction (as opposed to the dissatisfaction of being thwarted in their goals). But this is obvious, so how much money was spent on this study and who paid for it (was it paid out of taxes, mostly, in part)?

Tibor R. Machan
R. C. Hoiles Chair in Business Ethics and Free Enterprise
Argyros School
Chapman University
Orange, Calif.