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The Republican Party has long championed fiscal conservatism, advocating for minimal government intervention in the economy. They believe economic prosperity is driven by free markets and individual initiative.

This philosophy includes support for laissez-faire economics, tax cuts, reduced government spending, privatization, and reducing government-run welfare programs in favor of private-sector solutions and personal responsibility. The party's current fiscal stance supports lower tax…

The Libertarian Party (LP) was established in August 1971 during gatherings at David F. Nolan's home in Westminster, Colorado, and was officially founded on December 11, 1971, in Colorado Springs.

Influenced by Austrian economist Murray Rothbard, the party was a response to the Nixon administration's policies, the Vietnam War, conscription, and the adoption of fiat money.

Core Beliefs:

The LP promotes civil liberties, non-interven…