In short, Libertarians believe the government should never violate an individuals rights (socially liberal), and should be extremely limited its power, especially in regards to the economy (economically conservative).
Carried forward, Libertarians generally support gay rights, a woman's right to choose ("pro-choice"), and an individuals privacy (opposed to the Patriot Act, and to a degree also opposed to the CIA). Anything that expands the individuals' rights, Libertarians support.
Economically, Libertarians generally believe that Capitalism should be unregulated. There are some blatant problems with monopoly and scams (i.e. Ponzi schemes), and a certain number of Libertarians believe there ought to be some regulation.
In a similar vein, Libertarians generally are opposed to the power of the monopoly called government. As a political philosophy, Libertarians believe the government should exist only to protect the liberties of its citizens. A strong military is acceptable, but Libertarians favor the philosophy of the founding fathers - nonintervention.
These "policies" are only as I understand them, and should not be taken as representative of all Libertarians. Visit www.LP.org to learn more.
Libertarian Party of California was created in 1971.
The Libertarian Party is anti-amnesty.
Libertarian Party of Mississippi was created in 1971.
Libertarian Party of Nevada was created in 1971.
Libertarian Party of Florida was created in 1971.
Libertarian Party of Wyoming was created in 1971.
Libertarian Party of Minnesota was created in 1971.
Libertarian Party of Illinois was created in 1971.
Libertarian Party of Arkansas was created in 1971.
Libertarian Party of Delaware was created in 1971.
Libertarian Party of Missouri was created in 1971.
Libertarian Party of Alabama was created in 1971.