This draft is a result of using new (and potentially more controversial) language to improve the baseline 100%-recycled Greatest Hits draft.

Preamble

As Libertarians, we seek a world of liberty; a world in which all individuals are sovereign over their own lives and no one is forced to sacrifice his or her values for the benefit of others. We believe that respect for individual rights is the essential precondition for a free and prosperous world, that force and fraud must be banished from human relationships, and that only through freedom can peace and prosperity be realized. Consequently, we defend each person's right to engage in any activity that is peaceful and honest, and welcome the diversity that freedom brings. The world we seek to build is one where individuals are free to follow their own dreams in their own ways, without interference from government or any authoritarian power. In the following pages we have set forth our basic principles and enumerated various policy stands derived from those principles. These specific policies are not our goal, however. Our goal is nothing more nor less than a world set free in our lifetime, and it is to this end that we take these stands.

Statement of Principles

We, the members of the Libertarian Party, challenge the cult of the omnipotent state and defend the rights of the individual. We hold that all individuals have the right to exercise sole dominion over their own lives, and have the right to live in whatever manner they choose, so long as they do not forcibly interfere with the equal right of others to live in whatever manner they choose. Governments throughout history have regularly operated on the opposite principle, that the State has the right to dispose of the lives of individuals and the fruits of their labor. Even within the United States, all political parties other than our own grant to government the right to regulate the lives of individuals and seize the fruits of their labor without their consent. We, on the contrary, deny the right of any government to do these things, and hold that where governments exist, they must not violate the rights of any individual: namely, (1) the right to life -- accordingly we support the prohibition of the initiation of physical force against others; (2) the right to liberty of speech and action -- accordingly we oppose all attempts by government to abridge the freedom of speech and press, as well as government censorship in any form; and (3) the right to property -- accordingly we oppose all government interference with private property, such as confiscation, nationalization, and eminent domain, and support the prohibition of robbery, trespass, fraud, and misrepresentation. Since governments, when instituted, must not violate individual rights, we oppose all interference by government in the areas of voluntary and contractual relations among individuals. People should not be forced to sacrifice their lives and property for the benefit of others. They should be left free by government to deal with one another as free traders; and the resultant economic system, the only one compatible with the protection of individual rights, is the free market.

1. Personal Liberty

Individuals should be free to make choices for themselves and to accept responsibility for the consequences of the choices they make.  Our support of an individual's right to make choices in life does not mean that we necessarily approve or disapprove of those choices.

1.1. Expression and Communication

We support full freedom of expression, and oppose government censorship, regulation or control of communications media and technology. We recognize that freedom of communication does not extend to the use of other people's property to promote one's ideas without the voluntary consent of the owners. We favor the freedom to engage in or abstain from any religious activities that do not violate the rights of others.

1.2. Personal and Bodily Privacy

We support the protections provided by the Fourth Amendment to be secure in our persons, homes, and property. We favor the freedom and responsibility of adults to decide what sensations and substances they knowingly and voluntarily consume. We favor the freedom of association among private parties to negotiate how they use information voluntarily disclosed to each other.

1.3. Sexuality and Reproduction

We favor the freedom of all consenting adults to engage in any amorous or reproductive behavior or relationship that does not violate the rights of others. Government does not have legitimate authority to define or license personal relationships. Sexuality or gender should have no discriminatory impact on the treatment of individuals by government, such as in marriage, adoption, immigration, or military service. While Libertarians have good-faith differences on this issue, a majority of us believe that a fetus starts deserving legal protection sometime after the first trimester and before birth. We support the right to terminate one's pregnancy during the first trimester. We do not oppose requirements that ending a pregnancy in the third trimester must leave a healthy fetus alive if that is feasible. We oppose government actions that compel, subsidize, or prohibit abortion, sterilization or any other form of birth control.

1.4. Crime and Justice

The primary purpose of a justice system is to provide restitution to those suffering a loss at the expense of those who caused the loss. Government exists to protect the rights of every individual including life, liberty and property. Criminal laws should be limited to violation of the rights of others through force or fraud, or deliberate actions that place others involuntarily at significant risk of harm.  Individuals retain the right to voluntarily assume risk of harm to themselves. We oppose reduction of constitutional safeguards of the rights of the criminally accused. We favor all-volunteer juries and assert the common-law right of juries to judge not only the facts but also the justice of the law.

1.5. Self-Defense

The only legitimate use of force is in defense of individual rights -- life, liberty, and justly acquired property -- against aggression, whether by force or fraud. This right inheres in the individual, who may agree to be aided by any other individual or group. We affirm the right to keep and bear arms.

2. Economic Liberty

A free and competitive market allocates resources in the most efficient manner.  Each person has the right to offer goods and services to others on the free market. 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. We oppose all government interference with voluntary and contractual relations among individuals. People should be allowed to deal with one another as free traders; and the resultant economic system, the only one compatible with the protection of individual rights, is the free market. 

2.1. Property and Contract

The owners of property have the full right to control, use, dispose of -- or in any manner enjoy -- their property without interference, until and unless the exercise of their control infringes the valid rights of others.  Property rights are entitled to the same protection as all other human rights. We oppose all controls on wages, prices, rents, profits, production, and interest rates. We oppose all violations of the right to private property, liberty of contract, and freedom of trade. The right to trade includes the right not to trade -- for any reasons whatsoever. Where property, including land, has been taken from its rightful owners by the government or private action in violation of individual rights, we favor restitution to the rightful owners.

2.2. Environment and Resources

Pollution of other people's property is a violation of individual rights. Governments are usually the worst polluters, both directly and by subsidizing or protecting polluting industries and practices. We favor including in market prices the measurable costs that products and actions demonstrably and physically impose on non-consenting third parties. Environmental awareness and the voluntary responses to such green pricing are the only fair and effective ways to stimulate the technological innovations and social changes required for protecting our environment and threatened ecosystems.

2.3. Government Finance and Spending

All persons are entitled to keep the fruits of their labor, and it is unjust to tax people in order to finance benefits for other people. We oppose any such tax, as distinct from taxes that serve as fees for pollution, congestion, consumption of unowned resources, or government services not yet privatized. We favor continuously reducing taxes as the functions of government are privatized or made voluntary.  Government should not incur debt, which burdens future generations without their consent. We support the passage of a “Balanced Budget Amendment” to the US Constitution that restricts Congress from spending any more than it collected in revenue the previous year. 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 U.S. Constitution.

2.4. Money and Markets

We favor free-market banking, with unrestricted competition among banks and depository institutions of all types. Individuals engaged in voluntary exchange should be free to use as money any mutually agreeable commodity or item. Regulation of financial and capital markets should be limited to prohibition of force and fraud.

2.5. Monopolies, Corporations, and Labor

We advocate a strict separation of business and state. We seek to divest government of all functions that can be provided by non-governmental organizations or private individuals. We defend the right of individuals to form corporations, cooperatives and other types of companies based on voluntary association. We oppose government subsidies to business, labor, or any other special interest. Nuclear power, transportation, and other industries should be governed by free markets and held to strict liability. We seek the elimination of occupational licensure.  We support the right to associate or not associate in labor unions. An employer should have the right to recognize or refuse to recognize a union.

2.6. Education

We advocate the separation of education and State, and returning control of and responsibility for education spending to parents. Education, like any other service, is best provided by the free market, achieving greater quality and efficiency with more diversity of choice. As an interim measure to encourage the growth of private schools and variety in education, including home schooling, we support tax credits for tuition and other expenditures related to an individual's education.

2.7. Health Care

We advocate the separation of medicine and State, and returning control of and responsibility for health care spending to patients. We favor restoring and reviving a free market health care system. We recognize the freedom of individuals to determine the level of health insurance they want, the level of health care they want, the care providers they want, the medicines and treatments they will use and all other aspects of their medical care.

2.8. Retirement and Income Security

We advocate transitioning to a privatized voluntary retirement savings industry, with victims of the Social Security tax having a claim against government property. Income transfers to the poor from central governments should be phased out in favor of aid from local communities.

3. Securing Liberty

The principles which guide a legitimate government in its relationships with other governments are the same as those which guide relationships among individuals: no individual, group, or government may initiate force against any other individual, group, or government.

3.1. National Defense

We support the maintenance of a sufficient military to defend the United States against aggression. The United States should abandon its attempts to act as policeman for the world. We oppose any form of compulsory national service.

3.2 Internal Security and Individual Rights

The defense of the country requires that we have adequate intelligence to detect and to counter threats to domestic security. This requirement must not take priority over maintaining the civil liberties of our citizens. The Bill of Rights provides no exceptions for a time of war. Intelligence agencies that legitimately seek to preserve the security of the nation must be subject to oversight and transparency. We oppose the government's use of secret classifications to keep from the public information that it should have, especially that which shows that the government has violated the law.

3.3. International Affairs

American foreign policy should seek an America at peace with the world and the defense -- against attack from abroad -- of the lives, liberty, and property of the American people on American soil.  We recognize the right to unrestricted trade and travel. We recognize the right of all people to resist tyranny and defend themselves and their rights.

3.4. Immigration and Naturalization

Political freedom and escape from tyranny demands that individuals not be unreasonably constrained by government in the crossing of political boundaries. Economic freedom demands the unrestricted movement of human as well as financial capital across national borders. However, we support control over the entry into our country of foreign nationals who pose a threat to security, health or property.

3.5. Franchise and Discrimination

Government should not deny or abridge any individual's rights based on sex, wealth, race, color, creed, age, national origin, personal habits, political preference or sexual orientation. Parents, or other guardians, have the right to raise their children according to their own standards and beliefs, without interference by government -- unless they are abusing the children. However, children always have the right to establish their maturity by assuming administration and protection of their own rights, ending dependency upon their parents or other guardians, and assuming all responsibilities of adulthood.

3.6. Representative Government

We support electoral systems that are more representative of the electorate at the federal, state and local levels.  In order to grant voters a full range of choice in federal, state and local elections, we propose proportional voting systems with multi-member districts for legislative elections and instant runoff voting (IRV) for single-winner elections. We support the right to secede where: (1) secession is supported by a majority within the political unit, (2) the majority does not attempt suppression of the dissenting minority, and (3) the government of the new entity is at least as compatible with human freedom as that from which it seceded.

3.7. Decentralized Government

Problems should always be addressed at the most local level as possible, which ideally is the level of the peaceful honest individual. We support a strict interpretation of the Constitution and enforcement of the Tenth Amendment rule that the federal government has no powers beyond those delegated to it by the Constitution. We support the repeal or overturning of all Acts of Congress outside the narrow powers delegated to it in the Constitution, which are primarily national defense and providing an impartial judicial system. We oppose the President initiating military hostilities in the absence of a declaration of war by Congress.