This episode is the second installment in the "What Is the Right?" summer series for Giving Ventures. In this series, we're exploring the different factions and flavors that make up the right side of the ideological spectrum here in this weird political moment we live in. Today, we're looking at a group that some say isn't even fairly categorized as "right" at all: libertarians.

How do you fairly describe what "libertarian" really means? They are the smallest of the small-government people, the most live-and-let-live of any group. It is the focus on freedom and individual liberty that means you also get a free range of ideas on what that liberty means. This episode features two great leaders in the libertarian space: Katherine Mangu-Ward and Peter Goettler.

Katherine is Editor-in-Chief of Reason Magazine, the longest running libertarian magazine. Reason is a key cog in the libertarian ecosystem, and Katherine's leadership is doing much to keep it that way. Peter Goettler is President and CEO of the Cato Institute, the foremost libertarian think tank, based in Washington, DC. For more than 40 years, Cato has been the place for sound, reasoned policy ideas from a libertarian perspective.