I agree with this little point by

Dr. Erik Ritter von Kuehnelt-Leddihn (1909–1999), from the Acton biography of him, "...he had a lasting influence on modern American conservatism (which he preferred to call by its European and, as he thought, more descriptive term liberalism)."

Now that the American socialists are shying away from the term and calling themselves "progressives" and "greens," those of us who actually believe in economic and social freedom (without government protection and/or subsidies for foolishness) need to reclaim the term.