"When then is liberalism correctly understood? Liberalism is not an exclusvely political term. It can be applied to a prison reform, to an economic order, to a theology. Within the political framework, the question is not (as in a democracy) “Who should rule?” but “How should rule be exercised?” The reply is “Regardless of who rules—a monarch, an elite, a majority, or a benevolent dictator—governments should be exercised in such a way that each citizen enjoys the greatest amount of personal liberty.” The limit of liberty is obviously the common good. But, admittedly, the common good (material as well as immaterial) is not easily defined, for it rests on value judgments. Its definition is therefore always somewhat arbitrary. Speed limits curtail freedom in the interests of the common good. Is there a watertight case for forty, forty-five, or fifty miles an hour? Certainly not. ... Freedom is thus the only postulate of liberalism—of genuine liberalism. If, therefore, democracy is liberal, the life, the whims, the interests of the minority will be just as respected as those of the majority. Yet surely not only a democracy, but a monarchy (absolute or otherwise) or an aristocratic (elitist) regime can be liberal. In fact, the affinity between democracy and liberalism is not at all greater than that between, say, monarchy and liberalism or a mixed government and liberalism. (People under the Austrian monarchy, which was not only symbolic but an effective mixed government, were not less free than those in Canada, to name only one example.)"