In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Ben BernankeRead
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.
Interpretation
Failure is a necessary experience for personal growth and learning.
This quote emphasizes the inevitability of failure in life and the importance of embracing it as a vital part of the learning process. Ben Bernanke suggests that one must actively engage in challenges and take risks, as these experiences lead to growth and learning; a clean uniform symbolizes a lack of participation and effort.
In practice
In a motivational speech about resilience and perseverance.
In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
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.
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.
And whatever your labors and aspirations, _x000D_ in the noisy confusion of life, _x000D_ keep peace in your soul. _x000D_ With all its sham, drudgery and broken dreams, it is still a beautiful world.
To the generous mind the heaviest debt is that of gratitude, when it is not in our power to repay it.
Honesty is seldom ingratiating and often discomfiting.
I'm sorry to say so but, sadly, it's true that Bang-ups and Hang-ups can happen to you.
Instead of taking the reader by the hand and running him down the hill, I want to lead him into a house of many rooms, and leave him alone in each of them.
There is no avoidance in delay.
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