Use lavalier mics and a tiny portable recorder to get the best portable podcasting setup for two people under $200

Mics: JK MIC-J 044 (Mono 3.5mm Plug)

Recorder: Zoom H1 Handy Portable Digital Recorder  

Adapter: Hosa YMM-261 3.5 mm TRS to Dual 3.5 mm TSF Stereo Breakout Cable