The principal of what goes up, comes down with "factors"

Economic reward and risk explained by a bright young Pacifica man.

Jonathan Madison, age 25, Republican,
who ran for Assembly 22 (County Office)
in the Spring, in hopes to run against
Kevin Mullin, Democrat in the Fall.
Pretty cool, and amazingly brave!  Know him? 

 

The Daily Journal (San Mateo County), "Opinion", Jonathan Madison, 1/3/14.  "In economics, what goes up must also come down."

....  "The uncertainty around economic booms and busts has existed since the birth of currency. Booms and busts are created by a number of factors ranging from excessive monetary easing and unrealistic market expectations by investors, policymakers and consumers alike.  ....  According to a 2009 study conducted by the Wharton School of Business, most reputable economists not only missed the 2008 financial crisis, but “positively denied it would happen.” This was certainly not the first time. As world-renowned philosopher George Santayana once said, “Those who cannot learn from history are doomed to repeat it.”

Way too simple,
but kind of like this.

....  History tells us the economy is fragile. Completely deregulate it, and human greed will prompt a crash. Regulate it too much, and panics and crashes will inevitably occur. In my humble opinion, the best economic model is a system that encourages businesses to prosper and incentivizes prosperity at every socioeconomic level.  ....  Many economists have embraced this harsh reality, and it is about time our lawmakers do the same.

A native of Pacifica, Jonathan Madison worked as professional policy staff for the U.S. House of Representatives, Committee on Financial Services, for two years. Jonathan currently works as a law clerk at Fried & Williams, LLP during his second year of law school."  Read more.

Related article  - The Daily Journal (San Mateo),"Op-Ed"/ Jonathan Madison, 9/13/14,"OP-ED: An unusual race in San Mateo County." "I never imagined signing a petition to run for local government office in San Mateo County, particularly at the age of 25. Motivated to actively engage my community by promoting policies that provide for a prosperous and sustainable economy, lower taxes for hardworking Americans and a quality education system with more school choice and the best curriculum, I worked tirelessly to establish and drive a campaign strategy that would help me connect with voters on a personal level. Months into the race, I took notice that others in the community joined my cause. Although my campaign team started with me and my wife Lindsey, as many as 50 people had joined my campaign by April 2014. After months of relentlessly campaigning, holding speeches and forums, the June 3 primary Election Day arrived. The voter tally read “Mark Gilham: 15.1 percent; Jonathan Madison: 13.8 percent.” I had been defeated in the race. Of approximately 20,000 people who voted, just 753 more people voted for my opponent. Gilham will be challenging incumbent Kevin Mullin for the 22nd District seat in the California Assembly in the Nov. 4 election. Nevertheless, it was a landmark race for me."

Reference -  Bay Area GOP, "Jonathan Madison for Assembly District 22". "Assembly District 22 includes Belmont, Brisbane, Burlingame, Emerald Lake Hills, Foster City, Highlands-Baywood Park, Hillsborough, Millbrae, Montara, Pacifica, Redwood City, San Bruno, San Carlos, San Mateo, San Mateo – Moss Beach, South San Francisco.  ....  Jonathan Madison was born and raised in Pacifica.  After living in Pacifica for 18 years, Jonathan attended college at Howard University in Washington, DC. He obtained his Bachelor of Arts in Political Science in 2011, and worked as Professional Policy Staff for the U.S. House of Representatives, Committee on Financial Services, for the next two and a half years. As Professional Policy Staff, Jonathan undertook policy portfolios on housing and oversight issues, prepared memorandum for the Committee Chairman, and conducted research and strategy efforts to facilitate the passage of legislation. Jonathan currently works as Policy Advisor to Vice Chairman of the California Republican Party Harmeet Dhillon. He is also studying law at the University of San Francisco School of Law." Jonathan Madison for Assembly District 22, (6/3/14), Facebook.  CA Assembly Districts.

Note photographs:  Apple from Lawyers Weekly, AU;  Johnathan Madison from Democracy.com.

 

Posted by Kathy Meeh