Libertarian Party (United States)

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The Libertarian Party (LP) is a right-libertarian political party in the United States. The party promotes libertarianism, specifically fiscal conservatism and laissez-faire capitalism, civil libertarianism and cultural liberalism, foreign non-interventionism, and limiting the size and scope of government. The world's first explicitly libertarian party, the party was officially formed on December 11, 1971. Party organizers opposed the Nixon administration's wage and price controls, the Vietnam War and conscription, and the end of the Gold Standard and introduction of fiat money. The organizers of the party drew inspiration from the works and ideas of the prominent Austrian school economist Murray Rothbard. The Libertarians support economic right-libertarian positions, including disbanding Medicare and Medicaid in favor of free-market healthcare, eliminating social insurance such as Social Security and food stamps in favor of private charities, ending public funding for schools, abolishing...

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