* Adoption of laissez-faire principles which would reduce the state's role in the economy. This would include, among other things, markedly reduced taxation, privatization of Social Security and welfare (for individuals as well as elimination of "corporate welfare"), markedly reduced regulation of business, rollbacks of labor regulations, and reduction of government interference in foreign trade.
* Protection of property rights.
* Minimal government bureaucracy. The Libertarian Party states that the government's responsibilities should be limited to the protection of individual rights from the initiation of force and fraud.
* Strong civil liberties positions, including privacy protections, freedom of speech, freedom of association, and sexual freedom.
* No government interference in reproductive rights, including access to abortion.
* Support for the unrestricted right to the means of self-defense (such as gun rights, the right to carry mace or pepper spray, etc).
* Abolition of laws against what are called victimless crimes (prostitution, driving without a seatbelt, use of controlled substances, fraternization, etc.).
* Opposition to regulations on how businesses should run themselves (i.e. smoking bans).
* Opposition to military conscription ("the draft").
* A foreign policy of free trade and non-interventionism.
* Support for a fiscally responsible government including a hard currency (commodity-based money supply as opposed to fiat currency).