Liberty Movement () was a

classical liberal Classical liberalism is a political tradition and a branch of liberalism that advocates free market and laissez-faire economics; civil liberties under the rule of law with especial emphasis on individual autonomy, limited government, econom ...

political party A political party is an organization that coordinates candidates to compete in a particular country's elections. It is common for the members of a party to hold similar ideas about politics, and parties may promote specific ideological or p ...

Peru , image_flag = Flag of Peru.svg , image_coat = Escudo nacional del Perú.svg , other_symbol = Great Seal of the State , other_symbol_type = National seal , national_motto = "Firm and Happy f ...

. It was founded in 1987 by people who opposed decrees such as the nationalization of the

banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Becau ...

sector in 1986 under the

first presidency of Alan García The first presidency of Alan García governing Peru was from 1985 to 1990. He regained the presidency in 2006 . Election On 14 April 1985, Alan García was elected President of Peru after winning the 1985 Peruvian general election securing 53. ...

. Instead it advocated a

free market In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any ot ...

approach to solving Peru's

hyperinflation In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as t ...

, which peaked at over 7000%.

Notable members

* Pedro Cateriano *

Enrique Chirinos Soto Enrique () is the Spanish variant of the given name Heinrich of Germanic origin. Equivalents in other languages are Henry (English), Enric (Catalan), Enrico (Italian), Henrik (Swedish, Danish, and Norwegian), Heinrich (German), Hendrik, Henk (Du ...

* Enrique Ghersi *

Beatriz Merino Martha Beatriz Merino Lucero (born November 15, 1947) is a Peruvian lawyer, academic and politician who served as the first female Prime Minister of Peru, in 2003. She previously served as Senator and Congresswoman from 1990 until 2000. Followin ...

* Luis Miró Quesada Garland * Rafael Rey *

Mario Vargas Llosa Jorge Mario Pedro Vargas Llosa, 1st Marquess of Vargas Llosa (born 28 March 1936), more commonly known as Mario Vargas Llosa (, ), is a Peruvian novelist, journalist, essayist and former politician, who also holds Spanish citizenship. Vargas Ll ...

* Miguel Vega Alvear * Ricardo Vega Llona

Electoral history

Presidential elections

Elections to the Congress of the Republic

Elections to the Senate

Bibliography