This is what should be called "libertarian." Unfortunately, this term has also been given too many definitions and thus has become, in effect, undefined.
In practice, "conservative" is little more than 1) a word people who call themselves conservative use as a synonym for "good," and 2) a word people who do not call themselves conservative use as a synonym for "bad."
Yes! Exactly. Has lost all meaning but gives millions of people the right to get anger about a word that has become meaningless.