Let's say, for the sake of argument, that I was interested in starting a podcast. let's say I can figure out the blogging part, the feeds part, & even (probably) the audio editing part. Everything from the computer onwards.

Here's my question. How, oh casters of pods, do you make your audio? Can you use a digital MP3 recorder / dictaphone, or does that get you a poor quality recording to work with? Do I need microphones and mixing desks and the like?

If you'd like to tell me what works for you, please leave the good word in the comments!! Much appreciated.