RBESRQand Judith. I think you both are confused about this quote (among other things). By "liberals", Schumpeter refers to people who love liberty (i.e., like the Founding Fathers). He is not talking about modern liberalism which has little to do with liberty and everything to be with obedience to central authority (unless you are an illegal alien). As for connecting conservatism and fascism, you are sadly mistaken. Fascism is a leftist tendency (i.e., National SOCIALIST German Workers Party). You should probably browse this site with a friend to help you understand its wisdom.