Tom Woods interviews Jay Richards, co-author of The Hobbit Party: The Vision of Freedom that Tolkien Got, and the West Forgot. Richards quotes Tolkein as saying that his "...political opinions lean more and more to anarchy, philosophically understood meaning abolition of control, not whiskered men with bombs."
Richards also talks about the implicit Christianity that imbues both The Hobbit and The Lord of the Rings. On a side note, I find it amusing that the Christians who advocated burning the books of J.K. Rowling missed out on the obvious Christian values that were the foundation for her works. The Harry Potter series has much in common with Tolkein's work, and this unspoken Christianity is one of the strongest features of both. It's funny how easy it is for so many "Christians" to miss out on their own message when it doesn't come in the right packaging.
See the full interview: