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Libertarian theory is a political philosophy that emphasizes individual liberty, personal responsibility, and minimal government intervention in both personal and economic matters. It advocates for free markets, private property rights, and voluntary exchanges, arguing that individuals should have the freedom to make their own choices as long as they do not infringe on the rights of others. Examples of libertarian principles in practice include the advocacy for legalizing drugs, reducing taxes, and opposing government surveillance. Prominent figures in libertarian thought include economists like Friedrich Hayek and political leaders such as Ron Paul.

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1mo ago

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