Feature

Quote of the week: Megan McArdle

From Time: “It sounds like a dubious aspiration, but one of the more pressing priorities for America this decade is to preserve our cherished freedom to fail. It has long been one of the pillars...

“It sounds like a dubious aspiration, but one of the more pressing priorities for America this decade is to preserve our cherished freedom to fail. It has long been one of the pillars of this country’s exceptionalism. America allows its citizens room to fail—and if they don’t succeed, to try, try again. While the European Union publishes documents on ‘overcoming the stigma of business failure,’ executives in Silicon Valley make their bygone start-ups the centerpieces of their résumés. But after the financial crisis of 2008, many Americans are no longer feeling so exceptional, and freedom to fail probably ranks right around freedom to remove your own appendix. That’s a pity, because failure is one of the most economically important tools we have. The goal shouldn’t be to eliminate failure; it should be to build a system resilient enough to withstand it.”

Megan McArdle in Time

Recommended

COVID-19 vaccines effective against Delta variant, U.K. studies find
NHS COVID-19 vaccination bus
Solving COVID

COVID-19 vaccines effective against Delta variant, U.K. studies find

Ghana fights deforestation by planting 5 million trees in 1 day
Seedlings in Ghana.
it wasn't all bad

Ghana fights deforestation by planting 5 million trees in 1 day

Biden: NATO leaders 'thanked me' for setting up meeting with Putin
President Biden.
taking one for the team

Biden: NATO leaders 'thanked me' for setting up meeting with Putin

Indian Christian sect leader Ziona Chana dies, leaving 38 wives and 89 kids
Ziona Chana family
Rest in Peace

Indian Christian sect leader Ziona Chana dies, leaving 38 wives and 89 kids

Most Popular

7 toons about the Dems' Joe Manchin problem
Political Cartoon.
Feature

7 toons about the Dems' Joe Manchin problem

Bernie Sanders wants to know if cannabis reporter is 'stoned' right now
Bernie Sanders.
Sounds dope

Bernie Sanders wants to know if cannabis reporter is 'stoned' right now

Georgia election workers reportedly received a 'torrent' of threats
Trump rally.
The big lie

Georgia election workers reportedly received a 'torrent' of threats