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Happiness a Goal of the Federal Reserve?

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  • Description

    FBN’s Gerri Willis on what the objectives of the Federal Reserve should be.

  • Duration 2:12
  • Date

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This transcript is automatically generated

You can 100%.

Absolutely buy you happiness and you and who says anything different.

Is actually joking themselves I think that money cannot buy you happiness I think that they times that -- that threatens to buy you happiness.

Money can't buy you happiness but -- -- -- you happier.

Why is that.

-- could be happier with a better Carolina and yes many can buy happiness because ultimately -- can basically give you watching season might otherwise you wouldn't be -- how happiness.

And what makes one person having my make another person miserable -- -- a little difficult to measure.

Parent these folks aren't the only ones that he about the question of whether body can make you happy.

Ben Bernanke the chairman of our Federal Reserve bad all around good humor man -- -- right here.

It till something about it as we mentioned last night in fact the Fed Chairman according to his own comments in -- speech yesterday says.

We don't do enough to understand the factors that make.

For a happy nation.

And here's -- said quote we should seek better a more direct measurements of economic well being after all promoting well being he says is the ultimate objective.

Of our policy decisions.

Really are you confused as I am let's see how we would go about figuring out whether people are happier not happy.

May be everybody wears a mood ring.

Maybe we deputized psychologists is a sort of state police force.

-- the fact is happiness is entirely subjective.

As one of our man on the street subjects said what makes you happy might not make me happy in short may have Federal Reserve should stick to with -- Because at the end of the day happiness can't be quantified or measured and certainly not by the central -- government.

Ben Bernanke's job is more fundamental than bringing good cheer is about getting food on the table expanding our broader economy getting people back to work.

What they are happy with that or not doesn't really matter.

The whole movement on this -- started to start measuring the happiness quotient in GDP.

Comes from -- folks on the left to believe that money shouldn't matter as much as a -- our society.

That's okay you have to buy into the idea capitalists keep its your choice we made of my choices.

That's what I.

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