I like the LP but don't think they are the future, here's a good example why:
Ron Paul runs for President in 1988, LP:
*Gets a few small crowds nationwide
*Doesn't get on the ballot in every state
*is not in any debate
*probably not mentioned once by any national media.
*gets around .5% of the total vote
*campaign really doesn't accomplish much for himself or the LP between then and 2007
Ron Paul runs for President 2007-now, GOP
*huge crowds everywhere he goes, superstar on the campaign trail.
*On the ballot in every state easily
*At least this time around, featured in every prime-time debate, getting his ideas out there.
*At some points a daily talking point in the national media (not very positive though, you could tell they were scared)
*pulls in 2X% in quite a few states primaries, was once a viable threat to win Iowa. (screw you CNN)
*from these 2 campaigns came: Tea Party, C4L, Rand Amash Massie etc., the taking of multiple state GOP's (how many states have we taken over?) oh, and the revival of libertarianism in general politics.