Carlos and Bob begin a 3-part series explaining Austrian economics and IBC specifically for the business owner. The series is tied to the upcoming IBC Business Owner Seminar to be held on May 10, 2019, in Nashville, TN. In this episode, Bob and Carlos discuss the Fed's recent guidance on its bond roll off schedule. They also explain entrepreneurship in the Austrian vision (with reference to Bob's recent interview of Peter Klein), and Carlos relays statistics on business ownership in the US. Mentioned in this episode: The IBC Business Owner Seminar on May 10, 2019, in Nashville. A CNBC article summarizing the Fed's announcement about its bond roll off. Episode 23 of the Bob Murphy Show, featuring Peter Klein and his work on entrepreneurship in the Austrian tradition. The audio production for this episode was provided by Podsworth Media.