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I don't know about that, I think the libertarians have quite a big bandwagon trailing them. I, too, travelled with it for a short time.
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Well there certainly a lot of people who go with the whole libertarian thing to be big and tough so they can say things like:
"I think the poor should starve"
"Let the old people eat rats"
"Survival of the fittest"
"yah, I think prostitution should be legalized"
Because when you can say big tough things like that it makes you a big man.
Although i never thought of them as "trendy" so much as abject assholes.