In Episode 32 of The Jake Woodhouse Podcast, Max Hillebrand and I explore the foundations of liberty and whether it still exists today, how Austrian economics shapes entrepreneurial thinking, the relationship between money, prices, and trade, and the consequences of distorting money. We also discuss the difference between base money and payments, the role of CoinJoin and the Lightning Network in scaling Bitcoin privately, and why the distinction between secrecy and privacy matters. Max’s Nostr: npub1klkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qulx3vt New episodes drop Monday, Wednesday, and Friday. Let's learn together. TIMESTAMPS: 0:00 - Introducing Max Hillebrand 0:41 - What is Liberty? 1:23 - Does Liberty Exist Today? 3:46 - Austrian Economics 8:46 - Max’s Entrepreneurial Background 13:27 - Working from an Austrian Econ Foundation 20:06 - Money, Prices, and Trade 27:55 - The Consequences of Distorting Money 32:45 - Base Money vs Payments 41:04 - CoinJoin: Bitcoin’s Scalability and Privacy 44:47 - The Lightning Network 47:20 - Who is Against Privacy? 54:43 - Secrecy vs Privacy  58:07 - Book Recommendation and How to Connect with Max If you want to learn more or connect, visit my website: https://jakewoodhouse.io/