Final answer:
The statement is false. Libertarians support minimal governmental intervention and low taxation, favoring individual freedoms and a laissez-faire economy.
Step-by-step explanation:
The statement that libertarians favor strict government control over the markets but are opposed to taxation is false. Libertarians advocate for minimal government intervention in the economy, emphasizing the principle of personal freedom and responsibility. They strongly support a laissez-faire economy with very low taxes and minimal regulation on private enterprise. Libertarians prioritize individual rights and tend to view taxation as a form of government overreach or even theft, preferring that most services be provided by the private sector at minimal cost. They believe the only legitimate functions of government include maintaining peace, providing for national defense, and upholding the rule of law.