As someone who subscribes to the limited government, laissez-faire
capitalist, live-and-let-live philosophy of Locke, Jefferson and Smith, I
say it's time to pick "liberal" up off the ground, dust her off and reclaim
her as our own. It'll take a while, I realize. But it's the only word that
works, the only word that fits.
Maybe now's the time. As Balko notes, "liberal" has become "such a bad word here in America that even the liberals don't want it."