How Bitcoin Connects with Austrian Economics and Libertarian Politics with Professor Steve Horwitz and Jeremy Keil

Digital Money Advisor

Episode: Steve Horwitz is an American economist of the Austrian School and currently the Distinguished Professor of Free Enterprise in the Department of Economics in the Miller College of Business at Ball State University in Muncie, Indiana.

Jeremy Keil, CFP®, CFA, CIMA®, is a retirement-focused financial planner with Keil Financial Partners and the host of the Retirement Revealed blog and podcast. Jeremy was also the Wisconsin Libertarian Party executive director in 2003 and served on the Libertarian National Committee from 2004 to 2008.

Insight: Many cryptocurrency enthusiasts believe Bitcoin a solution to the ongoing economic fallout from the Great Recession, wealth inequality, high debt, and massive money printing. Bitcoin and related digital assets can be particularly appealing to folks who view our financial system through the lens of Austrian Economics or libertarian politics, which, broadly, emphasize the freedom of the individual. But as this discussion shows, the intersection between Bitcoin, economic philosophy, and politics is still very much a work in progress. There's promise, but there are also some potential obstacles to what Bitcoin can and can't deliver within our society's existing frameworks.