Alan talks about the latest deflation phobia, this time coming from the IMF. Todd explains how he is handling his S&P short. Dr. Richard Ebeling discusses LBJs War on Poverty, as well as the State of the Union Address he wishes Obama would give. David Morgan talks about the precious metals market. Dr. Mark Thornton and discuss a wide variety of economic topics. The show ends with a conversation about the Panic of 1873.