Alan starts todays storm interrupted show by discussing the so-called clean debt ceiling billed that has now cleared both houses of Congress. Todd prepares to sort he S&P. mark Thornton of the Mises Institute continues our history lesson on Americas central banks. Todays conversation focuses on the period know as the Era of Free banking when we had no central bank. Mike Larson describes his reaction to Janet Yellens testimony and the likely reaction to it by the bond market. Doug Altner of the Ayn Rand Institute weighs in on the UAWs efforts to organize VW in the United States. The show ends with Lowell Ponte and a discussion on the debasement of the dollar.