Why isn't it cheaper to raise kids?

Economist Bryan Caplan stirs up debate with a controversial new book telling parents to quit wasting so much time and money on their children

So much for nurture? Parents should cut the extracurricular activities and feel free to rely more on electronic babysitters, says economist Bryan Caplan.
(Image credit: Corbis)

Everyone has heard the nightmarish stats on how much kids cost. According to the feds, a couple making between $57,000 and $98,000 a year, before taxes, will cough up $222,360 raising a child to age 17. And many moms and dads feel that childcare and kid-chauffering duties seriously limit their career opportunities. But economist Bryan Caplan, author of the new book Selfish Reasons To Have More Kids, says there's no persuasive reason to devote so much time and money to parenting. Here, a brief guide to his contrarian take:

So... we're spending too much on kids?

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