[6] The caucus got their members elected to sweep leadership positions, including Angela McArdle as chairwoman and Joshua Smith as vice-chairman.

[6] More ardent members of the party started to splinter, with Pennsylvania, the state with the most elected Libertarian officeholders, seeing a hardliner Mises-affiliated member, Rob Cowburn being named chairman, resulting in dissidents splitting to form the Keystone Party of Pennsylvania.

[2] The party in New Mexico also highlighted that according to LP bylaws, that there can never be more than two executive positions overturned in a single convention, making the Mises sweep illegal.

[citation needed] Keystone and ALSP had a merger meeting at the Cambria Hotel in Nashville, Tennessee from December 8–10, 2023.

[citation needed] During a subsequent Zoom meeting on January 12, 2024, the new organization officially adopted the name "Liberal Party" and named Trisha Butler to serve as the Liberal Party's pro-tem chairwoman until the inaugural convention.

In the economic area, the party favors “simpler and less invasive methods of taxation” which would only raise the amount of money needed for a functioning government, along with a balanced budget.

It also supports bodily autonomy and education as parents see fit without government interference, along with a right to privacy.

It also supports ending civil asset forfeiture and decriminalizing victimless crimes, including sex work and gambling.

[18] In the economic area, the party strongly supports capitalism, with its platform “[rejecting] any unnecessary impositions on the right of individuals or businesses to trade freely and/or to maintain the livelihoods of their choosing.” It strongly supports private property and a decrease in government regulation of the economy, although it believes that dealing with harms that arise from social or commercial activity is a legitimate government function.

It encourages participation in treaties as long as they are of mutual benefit to the United States and to the other parties involved and supports free trade with as little restriction as possible between nations.