Money can buy happiness, and some sweet earbuds

[via kottke via Peter Kaminski]
Robert Frank writes that money can buy increased happiness if spent not on more expensive goods like bigger houses or more expensive cars but instead on inconspicuous goods, like more time to travel or hang out with friends and family.
Considerable evidence suggests that if we use an increase in our incomes, as many of us do, simply to buy bigger houses and more expensive cars, then we do not end up any happier than before. But if we use an increase in our incomes to buy more of certain inconspicuous goods