Libertarian Party

national political party in the United States

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The Libertarian Party is a national political party in the United States that emphasizes individual liberty and limited government. It matters because it represents an alternative political perspective to the two major parties and influences American political debates around issues like personal freedom and the proper scope of government power.

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The Libertarian Party (LP) is a right-libertarian political party in the United States. The world's first explicitly libertarian party, it was conceived in August 1971 at meetings in the home of David Nolan in Westminster, Colorado, and was officially formed on December 11, 1971, in Colorado Springs. The organizers of the party drew inspiration from the works and ideas of the prominent Austrian school economist Murray Rothbard. The founding of the party was prompted in part due to concerns about the Nixon administration's wage and price controls, the Vietnam War, conscription, and the introduction of fiat money.

In 2022, the paleolibertarian Mises Caucus (LPMC) staged a successful takeover and became the dominant faction on the Libertarian National Committee, shifting the party in a right-wing direction. The change resulted in internal conflicts and significant policy changes. As a result, several state-affiliated chapters distanced or disavowed themselves of the National Committee and formed their own independent state-level parties. Other defectors formed the Classical Liberal Caucus and Liberal Party USA. In February 2025, "unity" candidate Steven Nekhaila was elected as the party's Chair.