National Platform of the Libertarian Party
Adopted in Convention, May 2004, Atlanta Georgia
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II. Trade and the Economy
The Economy
The Issue: Government intervention in the economy imperils both the personal freedom and the material prosperity of every American.
The Principle: The free market, which respects individual rights in voluntary trade with other individuals, should be allowed to function unhindered by government. The only proper role of government in the economic realm is to protect property rights, adjudicate disputes and provide a legal framework in which voluntary trade is protected.
Solutions: To ensure the economic freedom and enhance the economic well-being of Americans, we would implement the following policies:
a. Dramatic reductions in both taxes and government spending;
b. An end to deficit budgets;
c. A halt to inflationary monetary policies;
d. The elimination of all government impediments to free trade; and
e. The repeal of all controls on wages, prices, rents, profits, production and interest rates.
Transitional Action: We call for the repeal of the income tax, the abolishment of the Internal Revenue Service and all federal programs and services not required under the US Constitution.
