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[Trader Will]

Intellectuals and Society by Thomas Sowell, might be the smartest guy on the planet. I like Economics in One Lesson too, by Henry Hazlitt. I stay sharp with economics because that's where big government lefties are weak, and free market economics is the best way to battle their emotion based arguments. Walter E. Williams is the man too, tune in to the Rush Limbaugh show when he subs, plus he props the FSP which is great.   

[Diogenes The Cynic]

http://www.facebook.com/group.php?gid=21196365339

[Ben74]

F.A. Hayek - The road to serfdom

Milton Friedman - Capitalism and freedom

Robert Nozick - Anarchy, state and utopia

John Stuart Mill - On Liberty

Adam Smith - The Wealth of Nations

[BigJoe]

Hate to break it to ya, but that is like the Wine Cooler or Michelob Ultra of Libertarian reading lists. Fine if thats your thing, but in case you didn't know, there are higher proof options. Lets throw in some shots of Freedom Whiskey!

F.A. Hayek - The road to serfdom

decent. but came away thinking its overhyped.  Hayek defends welfare and socialized medicine in TRTS.  It mostly just argues against complete central planning, bid deal, even regular old Republicans are against that

Milton Friedman - Capitalism and freedom

decent, but why not David Friedman - Machinery of Freedom

Robert Nozick - Anarchy, state and utopia

Murray Rothbard - Ethics of Liberty  (specifically ch. 29 in terms of a response to A,S, & U http://mises.org/daily/2650  )

John Stuart Mill - On Liberty

http://defenseofcapitalism.blogspot.com/2009/10/john-stuart-mill-and-dangers-to-liberty.html

Adam Smith - The Wealth of Nations

Murray Rothbard - Economic Thought Before Adam Smith

http://mises.org/daily/2012

[nialwakura]

I would recommend reading the majority of texts at C4SS:

http://c4ss.org/

And anything at the blogs of some prominent Libertarian / Anarchist bloggers:

http://aaeblog.com/ - Roderick Long, Professor of Libertarian Studies; Auburn University

http://sheldonfreeassociation.blogspot.com/ - Sheldon Richman, writer for numerous publications, regularly by The Freeman

http://radgeek.com/ - Charles Johnson (lot of link sharing)

http://liberalaw.blogspot.com/ - Gary Chartier

I'm not as familiar with Johnson or Chartier because I haven't been reading them as long as Richman or Long. I also think Long is the best because all of his analyses are thorough yet incredibly easy to understand, but that's, of course, subjective.