This article revisits the long-standing question of the relations between ethics and politics in Machiavelli's work, assessing its relevance to the 'liberalism of fear' in particular in the work of Judith Shklar, Bernard Williams and also John Dunn. The article considers ways in which Machiavelli has been a 'negative' resource for liberalism - for instance, as a presumed proponent of tyranny; but also ways in which even for the liberalism of fear he might be considered a 'positive' resource, above all around the issues of political necessity and prudential judgement.