In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Ben BernankeRead
Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole.
Interpretation
Education is a valuable investment for all members of society, regardless of age or career stage.
In this quote, Ben Bernanke emphasizes the importance of lifelong education for individuals and society. He argues that investing in education benefits everyone, from young children to experienced professionals, ultimately contributing to the overall advancement and improvement of society as a whole.
In practice
This quote can be used during a graduation speech to highlight the importance of continuous learning.
In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game.
Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.
Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves.
Learning to read, for the brain, is a lot like an amateur ringmaster first learning how to organise a three-ring circus. He wants to begin individually and then synchronise all the performances. It only happens after all the separate acts are learned and practised long and well.
Pretending is not just play. Pretending is imagined possibility. Pretending, or acting, is a very valuable life skill and we do it all the time.
If you pay a child a dollar to read a book, as some schools have tried, you not only create an expectation that reading makes you money, you also run the risk of depriving the child for ever of the value of it. Markets are not innocent.
Concentration is the key that opens up to the child the latent treasures within him.
Some children may need a behavioral approach, whereas other children may need a sensory approach.
Because of reality television and all these celebrities thinking they can be designers, everyone imagines that they can just become a designer, photographer, or model, but that's not the way things work. People have to go to school, learn their craft, and build a brand - that's the right, healthy way to do things.
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