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Not really. Ever seen a "liberal" liberate or a "conservative" conserve?

The term got its current usage when FDR came in because at that time it was a matter of "burn it all down" (real socialism) vs "fix the private property system around the margins".

See https://en.wikipedia.org/wiki/Classical_liberalism



I think by liberal he meant the Edwardian liberal. It's the predominant meaning of that label in the US




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