Dr. Selgin talks with Jim about national and global currency issues and dynamics that are affecting all markets, especially the local markets in which we operate our small businesses.

Don joins Jim to talk about the dangers of a government that imposes itself in the marketplace. Don defines a free market, and goes on to explain how that definition compares to what we have in the U.S. They also talk about minimum wage as the political football that it has become.

Gary talks with Jim about the major shift in pricing trends in the global marketplace from inflation to deflation, a word rarely used until recently in this context since the 1930s. Gary talks about the difference between good and bad deflation. Gary and Jim also talk about the "18 Points Of Business Strategy" in a deflationary trend that are in Gary's book.

Gary joins Jim to talk about whether inflation is ending, and if deflation is emerging to replace inflation's place in the marketplace. They discuss how inflation has impacted our marketplace over the past 30 years, how certain sectors of the marketplace are currently in a deflationary period, and a number of deflationary forces Gary identifies in his book.