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.
Next to the originator of a good sentence is the first quoter of it. Many will read the book before one thinks of quoting a passage. As soon as he has done this, that line will be quoted east and west.
"I just like to know," said Pooh humbly.
They [the Persians] are accustomed to deliberate on matters of the highest moment when warm with wine; but whatever they in this situation may determine is again proposed to them on the morrow, in their cooler moments, by the person in whose house they had before assembled. If at this time also it meet their approbation, it is executed; otherwise it is rejected. Whatever also they discuss when sober, is always a second time examined after they have been drinking.
God's faithful servant has no desire for people to say or to give to him, or what he likes to hear or see, for his first and greatest aim is to hear what is most pleasing to God.
Everything can be sacrificed for truth, but truth cannot be sacrificed for anything.
Each man is a hero and an oracle to somebody.
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