For those of you unfamiliar with the Libertarian Party, let me enlighten you. Their party line is "Smaller Government, Lower Taxes, More Freedom." They are the third largest party in the US and I think a good alternative to the other two. Below is where they stand on the issues.
Bailouts: No way. They think bailouts are bad for taxpayers and the businesses they are given to. You can't reward failure. If a company can't stay afloat on their own, then they are not a viable company.
War/Military: They believe we should have a large enough military to defend our country, but we should stop trying to be world policemen. We should be involved in the UN and let the world government take the lead on policing other countries.
Environment: Libertarians believe that we should reduce pollution and work towards a more sustainable environment, but they also believe that environmental protection should be done by private non-profits that already exist, not the federal government. Their website has some interesting facts pointing towards the government as being the biggest cause of pollution and waste in this country. Assuming that is true, it is definitely a conflict of interest to have the government regulating themselves.
Taxes: They support massive tax cuts across the board through the privatization of many government social services. They are also big proponents of the flat tax.
Immigration: They support immigration reform, similar to the guest worker program that has been previously proposed, making it easier for immigrants to come into the US legally, work here for a period of time, and then return home.
Their support on other issues include every American's right to own a gun, the right to free speech, ending welfare, making Social Security a choice instead of a requirement, and removing many of the government programs that force the continual cost increases for health care.
On almost every issue, they believe the most efficient and cost effective solution is by letting the private market handle it. They speak out strongly against all of the money that is wasted by the government trying to offer many of the social services we have today. They claim that if we reduced the size and scope of our government, the private market could offer us better quality of these services at a lower cost through normal market competition. They strongly support an individual's right to privacy and as well as free speech.
I personally think they are dead on for many of these issues. I would love to see one make it into a major office, but unfortunately I don't think they have enough support yet. But it seems like I keep seeing more and more of them on the election ballots. You can read more about the party and where they stand on their website: http://www.lp.org/