The Invisible Hand of the Market is Superior to the Fist of the State.
The ultimate tenet of the economic right. This is a philosophy that blindly believes in individual free choice and the price mechanism.
1. Abhorrence of Government Intervention
The government is fundamentally a violent apparatus that extorts taxes. Libertarians believe that 'regulations' such as welfare policies, minimum wage laws, or rent control, even those created by politicians with good intentions, actually dry up market supply and make the common people more miserable. The only key to solving complex problems is 'complete freedom of competition'.