When Ms. Le Pen denounces Mr. Sarkozy's "ultra-liberalism," she isn't talking about leftism. In Europe, "liberalism" isn't synonymous with "leftism," as it is in America. Rather, it refers to the kind of classical liberalism prevalent in 19th century America and incarnated by the likes of right-libertarian heroes Milton Friedman and Friedrich Hayek. As a free-market, limited-government conservative who once served as a Republican think-tank director, I'm typically considered a "liberal" in France.