America’s Libertarian Revolution

by Tom DiLorenzo on July 5, 2026

“[I]n the deepest sense, the American Revolution was a conscious majority revolution on behalf of libertarianism and against Power . . .,” wrote Murray Rothbard in the July 1976 issue of Reason magazine.

It is important to note that the English Bill of Rights of 1689 established Parliament’s supremacy over the king and abolished the absolute monarchy — 87 years before the American Declaration of Independence. The king became essentially the ceremonial head of state and the chief executive of the government bureaucracy who needed permission from Parliament to raise taxes, impose a standing army, and much else. Real political power was in the hands of the Parliament. The monarchy could not “rule” without the permission of parliament. The position of king or queen evolved over the subsequent generations into the position of prime minister.