His concept of individual liberty was thus rooted in the defense of private property rights. This is not to say that he disregarded other philosophical perspectives in which the defense of individual liberty plays a central role. On the contrary, as Sheldon Richman has observed, Rothbard's own political philosophy encompassed a wide range of perspectives on liberty:

Rothbard took obvious delight in exploring the foundations and ramifications of liberty across disciplines. For him, individual liberty was a single gem with many facets: economic, historical, sociological, political-ethical. A scholar can set his sights on one or another facet, but for Rothbard, something is lost if one neglects the whole gem.

This appreciation for a broader defense of liberty is on full display in Rothbard's "A Strategy for the Right," in which he struck a celebratory note describing his "return home to the Right-wing, after 35 years in the political wilderness." In this 1992 address to the John Randolph Club, Rothbard highlighted the value of forming political coalitions in the defense of liberty, especially with traditional conservatives on the "Old Right" who recognized that a government with unlimited power to intervene in the lives of citizens can only ever be a tyrannical government. The Old Right stood resolutely against what Rothbard called "the power elite" who posed the gravest threat to individual liberty.

Rothbard defined the power elite as "the bureaucrats, politicians, and special interest groups dependent on political rule. They make money out of politics, and so they are intensely interested, and lobby and are active twenty-four hours a day" when ordinary citizens are preoccupied with "the daily business of life, on making a living, being with his family, seeing his friends, etc." It is precisely because those on the right have little time to devote to politics that forming coalitions in pursuit of common goals becomes important.

This is not, of course, to say that there are no important differences between libertarians and all who travel under the banner of "conservatives." Nevertheless, Rothbard recognized that although "there were many differences within the framework of the Old Right," traditional conservatives shared in common the desire to defend the individual from the tyranny of the Leviathan state and from the machinations of Neo-Marxist court intellectuals whose role is to legitimize state power.