Some Defend-President-Obama-no-matter-what-folks here will do anything to divert,

[BainsBane]

144. Liberalism

Classical liberalism is the ideology you refer to.

Edit: I though libertarianism was a more recent notion. It turns out it dates back to just after the American Revolution:

The term libertarian was first used by late-Enlightenment free-thinkers to refer to the metaphysical belief in free will, as opposed to determinism.[11] The first recorded use was in 1789, when William Belsham wrote about libertarianism in opposition to "necessitarian", i.e. determinist, views.[12][13]

Libertarian came to mean an advocate or defender of liberty, especially in the political and social spheres, as early as 1796, when the London Packet printed on 12 February: "Lately marched out of the Prison at Bristol, 450 of the French Libertarians."[14] The word was again used in a political sense in 1802, in a short piece critiquing a poem by "the author of Gebir", and has been used in this context since.[15][16][17]

The use of the word libertarian to describe a new set of political positions has been traced to the French cognate, libertaire, coined in a scathing letter French libertarian communist Joseph Déjacque wrote to mutualist Pierre-Joseph Proudhon in 1857, castigating him for his sexist political views.[18][19] Déjacque also used the term for his anarchist publication Le Libertaire: Journal du Mouvement Social, which was printed from 9 June 1858 to 4 February 1861. In the mid-1890s, Sébastien Faure began publishing a new Le Libertaire while France's Third Republic enacted the lois scélérates ("villainous laws&quot , which banned anarchist publications in France. Libertarianism has frequently been used as a synonym for anarchism since this time.[20][21][22]

Although the word libertarian continues to be widely used to refer to socialists internationally, its meaning in the United States has deviated from its political origins.[23][24] Libertarianism in the United States has been described as conservative on economic issues and liberal on personal freedom[25] (for common meanings of conservative and liberal in the United States); it is also often associated with a foreign policy of non-interventionism.[26][27] Since the resurgence of neoliberalism in the 1970s, free-market capitalist libertarianism has spread beyond North America via think tanks and political parties.[28][29]

http://en.wikipedia.org/wiki/Libertarianism