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I suppose liberal comes from latin "homo liber"; free man. Liber is a book and has nothing to do not with free which would be gratis. A man of the book,that in English we translate as

free man" was originally only an educated man of property. Gradually one could earn homo liber status if one served out a military career when property was the "gold watch" of retiring with twenty + years.

In medieval days a homo liber, or liber "free man" was one who held slaves, or conquered others . Charlemagne, for instance, after gaining a considerable amount of conquered lands where he enforced rigid papist christianity he became holy roman emperor. When Pope Leo III acknowledged Charlemagne to be Holy Roman Emperor, Pope Leo III wrote "deo libere imperare elegit homines" (man chosen by God to rule others as a free man.)

In the development of the Eng. language liberal took on both positive and negative connotations. i.e/., the man gave liberally to others; or the man took liberally from others. In shakespeare we see a liberal woman as a prostitute. But usually misinterpreted today, in Much Ado Abut Nothing when Shakespeare writes""a liberal villaine" who "hath ... confest his vile encounters", in his using the common parlance for having raped a woman.

Today the Liberal party of England does espouse the free market and limited govt. policies you ascribe to American Libertarians.

Liberal, therefore is of questionable meaning and can sometimes mean amongst contemporary Am, Liberals to force certain policies upon everyone for the benefit of all; or to propose more benign behavioral policies designed to give a wider utilitarian benefit.

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