Economically speaking yes. But the economy is only a small part of the libertarian platform.
In areas such as the environment, consumption of natural resources, education, health care, etc we could use a lot more government regulation. Are companies going to stop polluting just to be nice? Now way. Are we going to quit using energy at absurdly high levels just because it's the right thing to do? Nope. While libertarians look like they have the economic picture settled they are very lacking in almost every other area, which is why you'll probably never meet a libertarian that makes less than a 6 figure salary.
Well of course regulating emissions and dumping are important, and that's pretty insane if most Libertarians are against that -- or should I say, for pollution.
At least most seem to be against unnecessary wars and spending.
The bizarre part is that they're trying to generate tax revolts for taxes that don't even exist yet. And at that, taxes that are being talked about that were no different at the top end than under most of Reagan's tenure.
There's a lot of ignorance out there about what tax rates are here compared to elsewhere, how more taxes could be a better and more efficient thing (e.g., healthcare), and just what taxes that means to people personally.
Fear, uncertainty, and doubt as usual...
Well, if my state was effectively bankrupt as I mail out my taxes that seem to be increasing every year, thoughts of "what am I paying for" come to mind. Can't say I wouldn't be out there picketing with them.
I have to side with Aaron here. We've seen the train wreck that develops even against self-interest when the system is left to run itself. You can say that Greenspan's cheap cash policy accelerated it like a Molotov firestorm. But to blame oversight is to give a free pass to every drooling money-grubber who brought this on themselves.
But THE oversight WAS partly to blame. Even with overseeing bodies, banks were still able to toss around worthless bonds and the Madoffs had a free reign.
Nobody is against oversight that works, but as we have seen, the institutions and regulations in place right now do not work. And who trusts this government to actually do the job correctly? These people have been taking the wrong actions for decades and have massive conflicts of interest within their jobs, from anything to owning stock to having friends like Madoff in high places. This government shouldn't be trusted in regulating these markets because it provides a false sense of security to people, and thus they get suckered in.
The Federal Reserve, even though it's as federal as Federal Express (to use a Kucinic line), does act as the governmental body over our markets. And what do they do? Create bubbles, fight fire with gasoline, and create more problems.
What we need is efficient oversight and let the market set interest rates itself.