Just wanted to keep a copy of this handy really.
Update: The above works well but AudioHijack Pro is a much more elegant solution.
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Recording Skype calls on GarageBand with LineIn and SoundFlower (Mac)
Richard Muscat 
I truly appreciate you taking the time to share this . Look forward to more posts from you
Richard,
I want to record a podcast using all of the above but:
1) I want to record my skype phone conversation with another person;
2) I want to alter my voice, via Garageband
3) I want the other person to hear my voice altered
4) I want to record as the other person’s voice NOT altered, but mine altered.
Right now I can’t figure out how to have Garageband record the other person’s voice as unaltered, while they hear mine altered.
Suggestions?
Hi AJ,
I’m afraid I can’t really help you with that. I’m not really an expert in the area.
Google is probably your friend here or, failing that, you might want to get in touch with a Mac Genius if there’s an Apple Store close to you.
Good luck!