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
What this quote means
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.
Themes
FailureLearningGrowthParticipationExperience
In practice
Example use cases
In a motivational speech about resilience and perseverance.
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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.
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Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves.
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I knew if I waited around long enough something like this would happen.
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