as liberals.” In Capitalism and Freedom (1962), one of the charter documents of postwar libertarianism, Friedman capped his case against state certification of physicians by asserting that “liberal principles do not justify licensure.” Lamenting that “liberalism” had been stolen and corrupted by Keynesian enthusiasts for activist government, Friedman continued to use the term because, in his view, “ ‘conservatism’ ” was “not a satisfactory alternative.”
