Reagan appointee Ron Paul, sitting with The Gipper, himself
If you analyze it I believe the very heart and soul of conservatism is libertarianism.
I think conservatism is really a misnomer just as liberalism is a misnomer for the liberals — if we were back in the days of the Revolution, so-called conservatives today would be the Liberals and the liberals would be the Tories.
The basis of conservatism is a desire for less government interference or less centralized authority or more individual freedom and this is a pretty general description also of what libertarianism is.
— Ronald Reagan, interview with Reason Magazine (1975)
Words of the Sentient 