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 protection, freedom of speech, freedom of association, and sexual freedom.
Opposition to civil rights laws that regulate the private sector, such as affirmative action and non-discrimination laws.
No government interference in reproductive rights, including access to abortion. (Right-libertarians and Libertarians for Life usually do not support abortion, but they believe that the federal government has no say in regulating the procedure).
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 "victimless crimes" (such as prostitution, driving without a seatbelt, use of controlled substances, fraternization, etc.).
Opposition to regulations on how businesses should run themselves (e.g., smoking)
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).
Abolition of all forms of taxpayer-funded assistance (welfare, food stamps, public housing, Health care, etc.)