Libertarianism

Via Mark Thoma, Noah Smith on libertarianism and Yann Giraud.

Two quick things; (1) it's never safe to label political/economic ideologies in such general ways, and (2) I'm not a particularly huge fan of Milton Friedman, either.
(1) I have a friend who considers himself a libertarian, who is a bit idealistic like Milton Friedman, but he has some core differences with the stereotypical libertarian; I think the stereotype is because of hiding among the right wing folks, and not stepping it up and being "truly" libertarian.  Some of those guys are only libertarian when it comes to money, and even then, being only concerned with free markets, they don't do a very good job of making "liberty" sound good...
(2) I'm all for free market, but Friedman only seems to see externalities and incentives when it means no government intervention, as opposed to when we should have some market controls.  I recall seeing a video where he pwns a student wondering about an inheritance tax, but overlooks the flip side of inefficiencies when it comes to giving out inheritance.