“...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals” GoalInterestLevelsEconomicCapacityRateInvestingConsistentReservesFederal ReserveInterest Rate Author:Ben Bernanke
“In any bureaucratic organization there will be two kinds of people: those who work to further the actual goals of the organization, and those who work for the organization itself. Examples in education would be teachers who work and sacrifice to teach children, vs. union representative who work to protect any teacher including the most incompetent. The Iron Law states that in all cases, the second type of person will always gain control of the organization, and will always write the rules under which the organization functions.” PeopleWritingKindChildrenPersonsTwoStatesWould BeLawGoalTeachCasesTeacherSacrificeExampleTypeProtectGainsOrganizationFunctionUnionsIncludingInvestingIronRepresentativesIncompetent Author:Jerry Pournelle
“Happiness isn't found in some finite checklist of goals that we can diligently complete and then coast. It's how we live our lives in the process. That's why the four pillars of happiness are faith, family, community and meaningful work. Those are priorities we have to keep investing in.” FoundProcessGoalCommunityFourOur LivesInvestingPrioritiesMeaningfulCoastFinitePillarsMeaningful WorkChecklists Author:Arthur C. Brooks
“When you invest your time, you make a goal and a decision of something that you want to accomplish. Whether it's make good grades in school, be a good athlete, be a good person, go down and do some community service and help somebody who's in need, whatever it is you choose to do, you're investing your time in that.” WantNeedsPersonsHelpingSchoolGoalCommunityDecisionDown AndInvestingAthleteAccomplishGradesYou ChooseGood PersonCommunity ServiceBeing A Good PersonGrades In SchoolGood GradesGood AthleteInvesting Your Time Author:Nick Saban
“I believe that our society's "mistake-phobia" is crippling, a problem that begins in most elementary schools, where we learn to learn what we are taught rather than to form our own goals and to figure out how to achieve them. We are fed with facts and tested and those who make the fewest mistakes are considered to be the smart ones, so we learn that it is embarrassing to not know and to make mistakes. Our education system spends virtually no time on how to learn from mistakes, yet this is critical to real learning.” KnowsLifeBelieveRealFactsProblemSchoolFormI BelieveGoalGrowthMistakeAchieveFiguresTaughtSmartPersonal GrowthInvestingCriticalMaking MistakesOur SocietyFedsEmbarrassingTestedLearning From MistakesEducation SystemElementary SchoolPhobia Author:Ray Dalio