When well known North Carolinian William Friday passed away earlier this month, the state lost a man who had a tremendous impact on the state in a variety of ways. John Locke Foundation President John Hood, who knew Friday, reflects on Friday’s legacy and his qualities as a person and a supporter of liberal policies and causes. Speaking of those with left-of-center views, John Stossel once was a liberal television consumer affairs reporter, but he eventually evolved into one of America’s leading libertarian voices. The columnist, author, and host of Fox Business Network’s “Stossel” recently shared key tenets of his libertarian philosophy during a visit to Chapel Hill. Next is a look at concerns expressed by some lawmakers over a plan by the N.C. Department of Administration to consolidate more than 2,400 state health and human services workers at a new location. The idea is drawing fire from lawmakers who say DOA is rushing the process in order to help outgoing Gov. Beverly Perdue pursue other goals for the Dorothea Dix campus just west of downtown Raleigh. Vocal activists have been pushing to transform that campus into a new public park. Then we turn to one of our country’s founders. You might know him as the Father of the Constitution, but James Madison also served as a top adviser to George Washington, one of the first leaders of Congress, a secretary of state, and a wartime president. Barton College historian Jeff Broadwater examines Madison’s legacy in a recent biography. And finally, this election season has seen plenty of talk about the economy, but very little talk about the role of the Federal Reserve in the economy. John Locke Foundation Vice President for Research Roy Cordato explains what the Fed does and its impact, as well as why he believes Fed policy will lead to yet another economic bubble that will burst.
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