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.
Ben BernankeRead
In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Interpretation
Good decisions rely on accurate and effective measurement in various fields.
Ben Bernanke's quote emphasizes the importance of measurement as a foundation for making sound decisions across various human activities, including science, business, education, and economic policy. It suggests that without proper measurement, the quality and effectiveness of decisions might diminish, leading to potentially flawed outcomes.
In practice
A business leader discussing the importance of analytical tools in strategic planning.
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.
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.
Reason, or the ratio of all we have already known, is not the same that it shall be when we know more.
Because a doubt is not a denial. Doubt is a powerful tool, and it should be applied to history.
Wanting to be someone else is a waste of who you are
The main characteristic which is the proof of the indwelling Spirit is an amazing tenderness in personal dealing, and a blazing truthfulness with regard to God's Word.
Remembering that I'll be dead soon is the most important tool I've ever encountered to help me make the big choices in life. Because almost everything - all external expectations, all pride, all fear of embarrassment or failure - these things just fall away in the face of death, leaving only what is truly important.
Highly proactive people don't blame circumstances, conditions, or conditioning for their behavior. Their behavior is a product of their own conscious choice.
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