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77-493: Fiscal Responsibility Act may refer to: Tax Equity and Fiscal Responsibility Act of 1982 , an Act of the 97th United States Congress Fiscal Responsibility Act of 2007 , a proposed Act of the 110th United States Congress Fiscal Responsibility Act 2010 , an Act of the United Kingdom Parliament Fiscal Responsibility Act of 2023 , an Act of

154-499: A minimal state on the grounds that it was an inevitable phenomenon which could arise without violating individual rights . According to common United States meanings of conservative and liberal , libertarianism in the United States has been described as conservative on economic issues ( economic liberalism and fiscal conservatism ) and liberal on personal freedom ( civil libertarianism and cultural liberalism ). It

231-711: A 10 percent withholding on dividends and interest paid to individuals was instituted, and the Federal Unemployment Tax Act wage base and tax rate were increased. Excise taxes on cigarettes were temporarily doubled, and excise taxes on telephone service temporarily tripled, in TEFRA. President of the United States Ronald Reagan agreed to the tax hikes on the promise from Congress of a $ 3 reduction in spending for every $ 1 increase in taxes. Some conservatives, led by then-Congressman Jack Kemp , claim that

308-448: A conception of personal autonomy from which they argue in favor of civil liberties and a reduction or elimination of the state. People described as being left-libertarian or right-libertarian generally tend to call themselves simply libertarians and refer to their philosophy as libertarianism. As a result, some political scientists and writers classify the forms of libertarianism into two or more groups to distinguish libertarian views on

385-567: A fair hearing". Neo-libertarianism has its roots at least as far back as 1980 when it was first described by the American philosopher James Sterba of the University of Notre Dame . Sterba observed that libertarianism advocates for a government that does no more than protection against force, fraud, theft, enforcement of contracts and other so-called negative liberties as contrasted with positive liberties by Isaiah Berlin . Sterba contrasted this with

462-562: A libertarian philosophical treatise titled Enquiry Concerning Political Justice and its Influence on Morals and Happiness which criticized ideas of human rights and of society by contract based on vague promises. He took liberalism to its logical anarchic conclusion by rejecting all political institutions, law, government and apparatus of coercion as well as all political protest and insurrection. Instead of institutionalized justice, Godwin proposed that people influence one another to moral goodness through informal reasoned persuasion, including in

539-424: A night-watchman state, but instead requires sufficient government to provide each person in society with the relatively high minimum of liberty that persons using Rawls ' decision procedure would select. The political program actually justified by an ideal of negative liberty I shall call Neo-Libertarianism ." Libertarian populism combines libertarian and populist politics. According to Jesse Walker , writing in

616-418: A recent Treasury Department study, TEFRA alone raised taxes by almost 1 percent of the gross domestic product, making it the largest peacetime tax increase in American history." However, this "increase" was achieved primarily through the cancellation of future tax cuts scheduled by ERTA the year before that had yet to take effect at the time of TEFRA's passage. Taxpayers still receive $ 375 billion in tax cuts in

693-453: A republican sense in 1802 in a short piece critiquing a poem by " the author of Gebir " and has since been used politically. The use of the term libertarian to describe a new set of political positions has been traced to the French cognate libertaire , coined in a letter French libertarian communist Joseph Déjacque wrote to mutualist Pierre-Joseph Proudhon in 1857. Déjacque also used

770-576: A term, libertarian or economic libertarian has the most everyday acceptance to describe a member of the movement, with the latter term being based on both the ideology's importance of economics and its distinction from libertarians of the New Left. While both historical and contemporary libertarianism share general antipathy towards power by government authority, the latter exempts power wielded through free-market capitalism . Historically, libertarians, including Herbert Spencer and Max Stirner , supported

847-594: Is also often associated with a foreign policy of non-interventionism . Although libertarianism originated as a form of anarchist or left-wing politics , the development in the mid-20th century of modern libertarianism in the United States resulted in libertarianism's being commonly associated with right-wing politics , as well as viewed by many as neither left- nor right-wing, but an independent pro-freedom and anti-authoritarian philosophy. It also resulted in several authors and political scientists using two or more categorizations to distinguish libertarian views on

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924-437: Is closely associated with, to "safeguard" and maintain individualism. Libertarians argue that some forms of order within society emerge spontaneously from the actions of many different individuals acting independently from one another without any central planning . Proposed examples of systems that evolved through spontaneous order or self-organization include the evolution of life on Earth , language , crystal structure ,

1001-594: Is different from Wikidata All article disambiguation pages All disambiguation pages Tax Equity and Fiscal Responsibility Act of 1982 The Act included certain provisions related to the US health care system : The Office of Tax Analysis of the United States Department of the Treasury summarized the tax changes as follows: The scheduled increases in accelerated depreciation deductions were repealed,

1078-434: Is diminished by being automatically enrolled in the plan, when they merely have to check a box to opt out." Nudge is considered an important piece of literature in behavioral economics . Neo-libertarianism combines "the libertarian's moral commitment to negative liberty with a procedure that selects principles for restricting liberty on the basis of a unanimous agreement in which everyone's particular interests receive

1155-433: Is divided over the use of conservatism as an alternative. Those who seek both economic and social liberty would be known as liberals , but that term developed associations opposite of the limited government , low-taxation, minimal state advocated by the movement. Name variants of the free-market revival movement include classical liberalism , economic liberalism , free-market liberalism and neoliberalism . As

1232-611: Is in terms of the logical implications of these founding axioms". Although several modern American libertarians reject the political spectrum , especially the left–right political spectrum , several strands of libertarianism in the United States and right-libertarianism have been described as being right-wing, New Right or radical right and reactionary . While some American libertarians such as Walter Block , Harry Browne , Tibor Machan , Justin Raimondo , Leonard Read and Murray Rothbard deny any association with either

1309-554: Is now the most popular conception of libertarianism. Commonly referred to as a continuation or radicalization of classical liberalism , the most important of these early philosophers and economists was Robert Nozick . While left-libertarians advocate for social freedom, right-libertarians also value social institutions that support capitalist conditions. They reject institutions that oppose this framework, arguing that such interventions unnecessarily coerce individuals and violate their economic freedom. Anarcho-capitalists seek

1386-583: Is the Right of the People to alter or to abolish it." According to American historian Bernard Bailyn , during and after the American Revolution , "the major themes of eighteenth-century libertarianism were brought to realization" in constitutions , bills of rights , and limits on legislative and executive powers, including limits on starting wars. According to Murray Rothbard , the libertarian creed emerged from

1463-528: Is the common meaning of the word libertarianism in the U.S. This form is often named liberalism elsewhere such as in Europe, where liberalism has a different common meaning than in the United States. In some academic circles, this form is called right-libertarianism as a complement to left-libertarianism , with acceptance of capitalism or the private ownership of land as being the distinguishing feature. Elements of libertarianism can be traced back to

1540-464: Is to protect personal and property rights; that people may dissolve governments that do not do so; and that representative government is the best form to protect rights. The United States Declaration of Independence was inspired by Locke in its statement: "[T]o secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed . That whenever any Form of Government becomes destructive of these ends, it

1617-413: Is true that the word "liberal" once described persons who respected the individual and feared the use of mass compulsions. But the leftists have now corrupted that once-proud term to identify themselves and their program of more government ownership of property and more controls over persons. As a result, those of us who believe in freedom must explain that when we call ourselves liberals, we mean liberals in

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1694-458: The 2021 Chilean presidential election with the Apruebo Dignidad coalition. In November 2023, economist and television commentator Javier Milei was elected as the world's first self-identified anarcho-capitalist head of state after winning an upset landslide in that year's general election as the leader of the libertarian La Libertad Avanza coalition. The first recorded use of

1771-739: The Bolsheviks in both the February and October 1917 revolutions. However, Bolsheviks in central Russia quickly began to imprison or drive underground the libertarian anarchists. Many fled to Ukraine. After the anarchist Makhnovshchina helped stave off the White movement during the Russian Civil War , the Bolsheviks turned on the Makkhnovists and contributed to the schism between the anarcho-syndicalists and

1848-743: The Cato Institute 's David Boaz includes passages from the Tao Te Ching in his 1997 book The Libertarian Reader and noted in an article for the Encyclopædia Britannica that Laozi advocated for rulers to "do nothing" because "without law or compulsion, men would dwell in harmony". Libertarianism was influenced by debates within Scholasticism regarding private property and slavery . Scholastic thinkers, including Thomas Aquinas , Francisco de Vitoria , and Bartolomé de Las Casas , argued for

1925-450: The Internet , Misplaced Pages , workers' councils , Horizontalidad , and a free market economy . What some academics call right-libertarianism is more often simply called "libertarianism" by its adherents. Based on the works of European writers like John Locke , Frederic Bastiat , Friedrich Hayek and Ludwig Von Mises , it developed in the United States in the mid-20th century, and

2002-540: The Latin : libertas , lit.   'freedom') is a political philosophy that holds freedom as its primary value. Many libertarians conceive of freedom in accord with the Non-Aggression Principle , according to which each individual has the right to live as they choose, so long as it does not involve violating the rights of others by initiating force or fraud against them. Libertarians advocate for

2079-559: The Libertarian Party , of the United States, libertarianism is the advocacy of either anarchy, or government that is funded voluntarily and limited to protecting individuals from coercion and violence. According to the Internet Encyclopedia of Philosophy (IEP), "What it means to be a 'libertarian' in a political sense is a contentious issue, especially among libertarians themselves." Nevertheless, all libertarians begin with

2156-543: The Spanish Civil War (1936–1939). Gruppo Comunista Anarchico di Firenze held that during the early twentieth century, the terms libertarian communism and anarchist communism became synonymous within the international anarchist movement as a result of the close connection they had in Spain ( anarchism in Spain ), with libertarian communism becoming the prevalent term. Libertarian socialism reached its apex of popularity with

2233-517: The Spanish Revolution of 1936 , during which libertarian socialists led "the largest and most successful revolution against capitalism to ever take place in any industrial economy". During the revolution, the means of production were brought under workers' control and worker cooperatives formed the basis for the new economy. According to Gaston Leval , the CNT established an agrarian federation in

2310-614: The Steiner–Vallentyne school . Some variants of libertarianism, such as anarcho-capitalism, have been labeled as far-right or radical right by some scholars. Those sometimes called "right-libertarians", usually by leftists or by other libertarians with more left-leaning ideologies, often reject the label due to its association with conservatism and right-wing politics and simply describe themselves as libertarians . However, some, particularly those who describe themselves as paleo-libertarians , agree with their placement on

2387-612: The means of production , or else to restrict their purview or effects to usufruct property norms, in favor of common or cooperative ownership and management , viewing private property in the means of production as a barrier to freedom and liberty. In the mid-20th century, American proponents of anarcho-capitalism and minarchism began using the term libertarian . Minarchists advocate for night-watchman states which maintain only those functions of government necessary to safeguard natural rights, understood in terms of self-ownership or autonomy, while anarcho-capitalists advocate for

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2464-651: The 118th United States Congress Fiscal Responsibility and Budget Management Act, 2003 , an Act of the Parliament of India Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Fiscal Responsibility Act . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Fiscal_Responsibility_Act&oldid=1187513377 " Category : Disambiguation pages Hidden categories: Short description

2541-576: The 18th century and Age of Enlightenment , liberal ideas flourished in Europe and North America. Libertarians of various schools were influenced by liberal ideas. For philosopher Roderick T. Long, libertarians "share a common—or at least an overlapping—intellectual ancestry. [Libertarians] [...] claim the seventeenth century English Levellers and the eighteenth century French Encyclopedists among their ideological forebears; and [...] usually share an admiration for Thomas Jefferson and Thomas Paine ." John Locke greatly influenced both libertarianism and

2618-405: The 19th century and to a liberal version that developed in the United States that is avowedly pro- capitalist . According to polls, approximately one in four Americans self-identify as libertarian . While most members of this group are not necessarily ideologically driven, the term libertarian is commonly used to describe the form of libertarianism widely practiced in the United States and

2695-494: The 3 years following TEFRA. A chart from the United States Department of the Treasury study showing the bill's effect on government revenues is reproduced below. As it shows, the TEFRA increased tax revenues by almost 1% (0.98%) of GDP, in marked contrast to the 1981 tax cuts and the milder effects of the other Reagan-era tax bills. The study makes note that these government revenue estimates do not take into account

2772-627: The Communists. With the rise of fascism in Europe between the 1920s and the 1930s, anarchists began to fight fascists in Italy, in France during the February 1934 riots and in Spain where the CNT (Confederación Nacional del Trabajo) boycott of elections led to a right-wing victory and its later participation in voting in 1936 helped bring the popular front back to power. This led to a ruling class attempted coup and

2849-574: The Levante that encompassed 78% of Spain's most arable land . The regional federation was populated by 1,650,000 people, 40% of whom lived on the region's 900 agrarian collectives, which were self-organised by peasant unions. Although industrial and agricultural production was at its highest in the anarchist-controlled areas of the Spanish Republic, and the anarchist militias displayed the strongest military discipline, liberals and communists alike blamed

2926-580: The Levellers, who held similar views. Also influential were the English Cato's Letters during the early 1700s, reprinted eagerly by American colonists who already were free of European aristocracy and feudal land monopolies. In January 1776, only two years after coming to America from England, Thomas Paine published his pamphlet Common Sense calling for independence for the colonies. Paine promoted liberal ideas in clear and concise language that allowed

3003-403: The United States , and increasingly worldwide, libertarian is a typology used to describe a political position that advocates small government and is culturally liberal and fiscally conservative in a two-dimensional political spectrum such as the libertarian-inspired Nolan Chart , where the other major typologies are conservative , liberal and populist . Libertarians support

3080-914: The United States Constitution which requires all revenue bills to originate in the House. The United States Court of Appeals for the Ninth Circuit ruled against Armstrong, saying: "We therefore conclude that the Senate did not exceed its authority under the origination clause when it proposed the extensive amendments that ultimately became TEFRA." In 1988, libertarian political writer Sheldon Richman described TEFRA as "the largest tax increase in American history." In 2003, former Reagan adviser Bruce Bartlett wrote in National Review that "TEFRA raised taxes by $ 37.5 billion per year", elaborating, "according to

3157-509: The United States, the term libertarian was popularized by the individualist anarchist Benjamin Tucker around the late 1870s and early 1880s. Libertarianism as a synonym for liberalism was popularized in May 1955 by writer Dean Russell, a colleague of Leonard Read and a classical liberal himself. Russell justified the choice of the term as follows: Many of us call ourselves "liberals." And it

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3234-458: The appropriation of land must leave " enough and as good " for others or be taxed by society to compensate for the exclusionary effects of private property. Socialist libertarians such as social and individualist anarchists , libertarian Marxists , council communists , Luxemburgists and De Leonists promote usufruct and socialist economic theories, including communism , collectivism , syndicalism and mutualism . They criticize

3311-479: The associations they joined as this would facilitate happiness. Anarchist communist philosopher Joseph Déjacque was the first person to describe himself as a libertarian in an 1857 letter. Unlike mutualist anarchist philosopher Pierre-Joseph Proudhon , he argued that "it is not the product of his or her labor that the worker has a right to, but to the satisfaction of his or her needs, whatever may be their nature". According to anarchist historian Max Nettlau ,

3388-419: The book Thinking, Fast and Slow , Daniel Kahneman provides the brief summary: "Thaler and Sunstein advocate a position of libertarian paternalism, in which the state and other institutions are allowed to nudge people to make decisions that serve their own long-term interests. The designation of joining a pension plan as the default option is an example of a nudge. It is difficult to argue that anyone's freedom

3465-407: The communist or syndicalist variety. But now we had taken it over". In the 1970s, Robert Nozick was responsible for popularizing this usage of the term in academic and philosophical circles outside the United States, especially with the publication of Anarchy, State, and Utopia (1974), a response to social liberal John Rawls 's A Theory of Justice (1971). In the book, Nozick proposed

3542-567: The concept of "self-mastery" as the foundation of a system supporting individual rights. Early Christian sects such as the Waldensians displayed libertarian attitudes. In 17th-century England, libertarian ideas began to take modern form in the writings of the Levellers and John Locke . In the middle of that century, opponents of royal power began to be called Whigs , or sometimes simply Opposition or Country, as opposed to Court writers. During

3619-975: The early 20th century after the Great Depression and with the New Deal . Since the 1970s, this classical liberal form of libertarianism has spread beyond the United States, with libertarian or right-libertarian parties being established in the United Kingdom , Israel , South Africa , Argentina , and many other countries. After the fall of the Soviet Union , which caused many people to give up on Marxism or state socialism , libertarian socialism also grew in popularity and influence, alongside left-wing anti-war , anti-capitalist and anti- and alter-globalisation movements. In 2022, former student activist and self-described libertarian socialist Gabriel Boric became head of state of Chile after winning

3696-479: The economy. According to Sheldon Richman of the Independent Institute , other left-libertarians "prefer that corporate privileges be repealed before the regulatory restrictions on how those privileges may be exercised". Libertarian paternalism is a position advocated in the international bestseller Nudge by two American scholars, namely the economist Richard Thaler and the jurist Cass Sunstein . In

3773-571: The effect of the bills on GDP, and therefore, are not inclusive of resulting increases in revenue that could occur from an increase in GDP: The bill also created a hospice benefit to the Medicare program for the terminally ill with a 1986 sunset provision. It allowed States to add a hospice benefit to the Medicaid program. Libertarianism Libertarianism (from French : libertaire , itself from

3850-653: The elimination of the state in favor of privately funded security services while minarchists defend night-watchman states which maintain only those functions of government necessary to safeguard natural rights, understood in terms of self-ownership or autonomy. Left-libertarianism encompasses those libertarian beliefs that claim the Earth's natural resources belong to everyone in an egalitarian manner, either unowned or owned collectively. Contemporary left-libertarians such as Hillel Steiner , Peter Vallentyne , Philippe Van Parijs , Michael Otsuka and David Ellerman believe

3927-444: The expansion of individual autonomy and political self-determination , emphasizing the principles of equality before the law and the protection of civil rights , including the rights to freedom of association , freedom of speech , freedom of thought and freedom of choice . They generally support individual liberty and oppose authority , state power, warfare , militarism and nationalism , but some libertarians diverge on

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4004-525: The first use of the term libertarian communism was in November 1880, when a French anarchist congress employed it to identify its doctrines more clearly. The French anarchist journalist Sébastien Faure started the weekly paper Le Libertaire ( The Libertarian ) in 1895. The revolutionary wave of 1917–1923 saw the active participation of anarchists in Russia and Europe. Russian anarchists participated alongside

4081-557: The general public to understand the debates among the political elites. Common Sense was immensely popular in disseminating these ideas, selling hundreds of thousands of copies. Paine would later write the Rights of Man and The Age of Reason and participate in the French Revolution . Paine's theory of property showed a "libertarian concern" with the unequal distribution of resources under statism. In 1793, William Godwin wrote

4158-609: The higher-law concepts of the Greeks and the Israelites , and Christian theologians who argued for the moral worth of the individual and the division of the world into two realms, one of which is the province of God and thus beyond the power of states to control it. The right-libertarian economist Murray Rothbard suggested that Chinese Taoist philosopher Laozi was the first libertarian, likening Laozi's ideas on government to Friedrich Hayek 's theory of spontaneous order . Similarly,

4235-552: The key impediments to greater outlay savings. The original TEFRA bill as passed by the House would have lowered taxes. The Republican-controlled Senate replaced the text of the original House bill with a number of tax increases, and the bill became law after President Ronald Reagan signed it. A lawsuit was filed by an individual named Garrison R. Armstrong, claiming that TEFRA violated the Origination Clause in Article One of

4312-631: The left or right, other American libertarians such as Kevin Carson , Karl Hess , and Roderick T. Long have written about libertarianism's left-wing opposition to authoritarian rule and argued that libertarianism is fundamentally a left-wing position. Rothbard himself previously made the same point. The Stanford Encyclopedia of Philosophy defines libertarianism as the moral view that agents initially fully own themselves and have certain moral powers to acquire property rights in external things. Libertarian historian George Woodcock defines libertarianism as

4389-480: The legalization of victimless crimes such as the use of marijuana while opposing high levels of taxation and government spending on health, welfare, and education. Libertarians also support a foreign policy of non-interventionism . Libertarian was adopted in the United States, where liberal had become associated with a version that supports extensive government spending on social policies. Libertarian may also refer to an anarchist ideology that developed in

4466-513: The liberal challenges to an "absolute central State and a king ruling by divine right on top of an older, restrictive web of feudal land monopolies and urban guild controls and restrictions" as well as the mercantilism of a bureaucratic warfaring state allied with privileged merchants. The object of liberals was individual liberty in the economy, in personal freedoms and civil liberty, separation of state and religion and peace as an alternative to imperial aggrandizement. He cites Locke's contemporaries,

4543-399: The libertarian magazine Reason , libertarian populists oppose "big government" while also opposing "other large, centralized institutions" and advocate "tak[ing] an axe to the thicket of corporate subsidies, favors, and bailouts, clearing our way to an economy where businesses that can't make money serving customers don't have the option of wringing profits from the taxpayers instead". In

4620-489: The mid-19th century, libertarianism originated as a form of anti-authoritarian and anti-state politics usually seen as being on the left (like socialists and anarchists especially social anarchists , but more generally libertarian communists / Marxists and libertarian socialists ). Along with seeking to abolish or reduce the power of the State, these libertarians sought to abolish capitalism and private ownership of

4697-565: The moderate left such as social democracy or authoritarian and statist socialism, its meaning has evolved during the past half century, with broader adoption by ideologically disparate groups, including some viewed as right-wing by older users of the term. As a term, libertarian can include both the New Left Marxists (who do not associate with a vanguard party ) and extreme liberals (primarily concerned with civil liberties ) or civil libertarians . Additionally, some libertarians use

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4774-461: The modern world in his writings published before and after the English Revolution of 1688 , especially A Letter Concerning Toleration (1667), Two Treatises of Government (1689) and An Essay Concerning Human Understanding (1690). In the text of 1689, he established the basis of liberal political theory, i.e. that people's rights existed before government; that the purpose of government

4851-399: The nature of property and capital . In the United States, proponents of free-market anti-capitalism consciously label themselves as left-libertarians and see themselves as being part of a broad libertarian left. Libertarianism is a "[t]heory upholding...[individual] rights...above all else" and seeks to "reduce" the power of a state or states, especially ones a libertarian lives in or

4928-537: The nature of property and capital, usually along left–right or socialist–capitalist lines. While all libertarians support some level of individual rights , left-libertarians differ by supporting an egalitarian redistribution of natural resources. Left-libertarian ideologies include anarchist schools of thought , alongside many other anti- paternalist and New Left schools of thought centered around economic egalitarianism as well as geolibertarianism , green politics , market-oriented left-libertarianism and

5005-532: The older libertarian ideal of a night watchman state or minarchism. Sterba held that it is "obviously impossible for everyone in society to be guaranteed complete liberty as defined by this ideal: after all, people's actual wants as well as their conceivable wants can come into serious conflict. [...] [I]t is also impossible for everyone in society to be completely free from the interference of other persons." In 2013, Sterba wrote, "I shall show that moral commitment to an ideal of 'negative' liberty, which does not lead to

5082-433: The philosophy that fundamentally doubts authority and advocates transforming society by reform or revolution. Libertarian philosopher Roderick T. Long defines libertarianism as "any political position that advocates a radical redistribution of power from the coercive state to voluntary associations of free individuals", whether "voluntary association" takes the form of the free market or of communal co-operatives. According to

5159-400: The political right. Meanwhile, some proponents of free-market anti-capitalism in the United States consciously label themselves as left-libertarians and see themselves as part of a broad libertarian left. While the term libertarian had been substantially synonymous with anarchism and seen by many as part of the left, continuing today as part of the libertarian left in opposition to

5236-627: The promised spending reductions never occurred. One week after TEFRA was signed, H.R. 6863 – the Supplemental Appropriations Act of 1982 which Ronald Reagan claimed would "bust the budget" was passed by both houses of Congress over his veto. Four years later, then-budget director David Stockman , however, stated that Congress substantially upheld its end of the bargain, and cites the Administration's failure to identify management savings and its resistance to defense spending cuts as

5313-587: The protection of an individual's freedom from powers of government and private ownership. In contrast, while condemning governmental encroachment on personal liberties, modern American libertarians support freedoms based on their agreement with private property rights. The abolition or privatization of amenities or entitlements controlled by the government is a common theme in modern American libertarian writings. According to modern American libertarian Walter Block , left-libertarians and right-libertarians agree with certain libertarian premises, but "where [they] differ

5390-516: The replacement of all state institutions with private alternatives. During this time period, the term "libertarian" became used by growing numbers of people to advocate laissez-faire capitalism and strong private property rights such as in land, infrastructure and natural resources. This libertarianism, a revival of classical liberalism in the United States , occurred due to other American liberals abandoning classical liberalism and embracing progressivism and economic interventionism in

5467-548: The scope of their opposition to existing economic and political systems . Schools of libertarian thought offer a range of views regarding the legitimate functions of state and non-state power . Different categorizations have been used to distinguish these various forms of libertarianism. Scholars have identified distinct libertarian perspectives on the nature of property and capital , typically delineating them along left–right or socialist – capitalist axes. Libertarianism has been broadly shaped by liberal ideas. In

5544-404: The state for being the defender of private property and believe capitalism entails wage slavery and another form of coercion and domination related to that of the state. There are a number of different left-libertarian positions on the state, which can range from advocating for its complete abolition to advocating for a more decentralized and limited government with social ownership of

5621-475: The term libertarian socialist to avoid anarchism's negative connotations and emphasize its connections with socialism. The revival of free-market ideologies during the mid-to-late 20th century came with disagreement over what to call the movement. While many believers in economic freedom prefer the term libertarian , some free-market conservatives reject the term's association with the 1960s New Left and its connotations of libertine hedonism. The movement

5698-577: The term libertarian was in 1789, when William Belsham wrote about libertarianism in the context of metaphysics. As early as 1796, libertarian came to mean an advocate or defender of liberty, in the sense of a supporter of republicanism , when the London Packet printed on 12 February the following: "Lately marched out of the Prison at Bristol, 450 of the French Libertarians". It was again used in

5775-631: The term for his anarchist publication Le Libertaire, Journal du mouvement social ( Libertarian: Journal of Social Movement ) which was printed from 9 June 1858 to 4 February 1861 in New York City. Sébastien Faure , another French libertarian communist, began publishing a new Le Libertaire in the mid-1890s while France's Third Republic enacted the so-called villainous laws ( lois scélérates ) which banned anarchist publications in France. Libertarianism has frequently been used to refer to anarchism and libertarian socialism since this time. In

5852-403: The uncorrupted classical sense. At best, this is awkward and subject to misunderstanding. Here is a suggestion: Let those of us who love liberty trade-mark and reserve for our own use the good and honorable word "libertarian." Subsequently, many Americans with classical liberal beliefs began to describe themselves as libertarians . One person who popularized the term libertarian in this sense

5929-404: Was Murray Rothbard , who began publishing libertarian works in the 1960s. Rothbard described this modern use of the words overtly as a "capture" from his enemies, writing that "for the first time in my memory, we, 'our side,' had captured a crucial word from the enemy. 'Libertarians' had long been simply a polite word for left-wing anarchists, that is for anti-private property anarchists, either of

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