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.
Silence. All human unhappiness comes from not knowing how to stay quietly in a room.
One should practice much sense, not much learning.
Common sense is nothing more than a deposit of prejudices laid down by the mind before you reach eighteen.
Appear at points which the enemy must hasten to defend; march swiftly to places where you are not expected.
Let's be honest; it's rather easy to be busy. We all can think up a list of tasks that will overwhelm our schedules. Some might even think that their self-worth depends on the length of their to-do list. They flood the open spaces in their time with lists of meetings and minutia - even during times of stress and fatigue.
It is far better to do the right thing wrong than to do the wrong thing right.
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