Alan summarizes the January employment Report and then discusses the GOP proposal to eliminate the debt ceiling through February 15, 2015. Todd discusses the current trading levels. Keith Hall, former Chief Economist for the Whitehouse Council of Economic Advisors, describes the methodology for determining the various inflation indices. David Morgan talks about the precious metals market. Mark Thornton describes an article in the Washington Post attacking Austrian economics. The show ends with a brief history of Americas central banks.