The history of how the socialists stole the word "liberal," and many other far more important matters, are addressed in these extremely informative lectures "History: The Struggle For Liberty" by Ralph Raico of the Ludwig von Mises Institute. Check it out.
P.S. FYI, the first lecture is on the bottom of the page, the last one on the top, if you want to listen to them in order (as you should).
"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."
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