Category: Economics (Page 1 of 8)

We live in the future, just not the science fiction future.

WSJ:  I Tried the Robot That’s Coming to Live With You. It’s Still Part Human.

WSJ:  I Tried the Robot That’s Coming to Live With You. It’s Still Part Human.

The 5-foot-6-inch robot shuffled to the dishwasher, pulled the door handle and slid a fork—tines up, naturally—into the silverware holder. Then it grabbed a towel to wipe the counter. Later, it folded my sweater and fetched a bottle of water from the fridge.

Don’t try living in a science fiction future, it’s a sham. 

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WSJ advises against watching the pennies.

WSJ: On the Fence About a Spending Decision? Try the 0.01% Rule

WSJ: On the Fence About a Spending Decision? Try the 0.01% Rule

The Wall Street Journal Personal Finance column presents the 0.01% rule for frivolous spending.  I’m not sure it helps.

if the amount of money at stake is 0.01% or less of your net worth. Someone with $500,000 in wealth could spend $50 worry-free, according to the rule.

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Having children isn’t that expensive.

WSJ:  It Now Costs $300,000 to Raise a Child

WSJ:  It Now Costs $300,000 to Raise a Child

It determined that a married, middle-income couple with two children would spend $310,605—or an average of $18,271 a year—to raise their younger child born in 2015 through age 17. The calculation uses an earlier government estimate as a baseline, with adjustments for inflation trends.

Before Bill Nye the Science Guy became a garden-variety Progressive try-hard, he used to say “Extraordinary claims require extraordinary proof.”

It isn’t plausible that it costs $18k per year to raise a child.  Where is the proof?

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