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Voice of John: Protection from Fraud

One common baseline cited for libertarians to agree on is that government power should be limited to only the power to defend against force and fraud.

Anarchist libertarians, or anarcho-capitalists, believe in shrinking government as we know it to zero. There would no longer be a single institution claiming jurisdiction over all people within a certain geographic region as its citizens. People would still be permitted to form their own institutions for protection (and these institutions might be called governments), so long as these institutions did nothing immoral, that is, anything that would infringe the right to life, liberty, or property of anyone, such as theft (including taxation as we know it), enslavement (including conscription, compulsory schooling, compulsory citizenship, regulation, licensing), etc. Anarcho-capitalists are generally agreed that there IS a law, and that under a system of true freedom anyone whose rights were violated would be morally authorized to punish the violator, or delegate the right to do so.

Read this entire article at the Voice of John blog.