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Cliff Asness' Cliff Notes To Progressive America:

Failed Policies of the Past - Limited government, free markets, personal responsibility, liberty.

Fairness - A word used to motivate making sure outcomes do not match abilities or effort. Note, pre-1970 it meant roughly the opposite.

Social Justice - Redistribution based on group affiliation, regardless of anything the actual individuals in question did .. Also applies to redistribution of any kind, whether based on actual unfairness, or on simply outcomes liberals do not like.

The Phrase “Deny Access to…” - When a person isn’t given something they want for free, and they have not found a way to steal it yet, they have been “denied access” to it. In general it is the “1%” that “denies access.” See “1%” below.

Entitlement - Something provided by other men and women’s labor that some claim as their right, sometimes claiming to have paid for it during their lifetime, when all forms of modern mathematics and accounting reject that notion.

Rights - A more extreme form of “entitlement” defined above ..

Income Inequality - What occurs when a free and productive economy includes people with different abilities, work habits, and, of course, luck ..

Stimulus - Taking money from current and future Americans to undertake projects that didn’t make sense before, don’t make sense now ..

Austerity - Spending much more than ever before but slightly less than you had once thought you might spend which itself was a completely insane amount to spend.

Libertarian - A philosophy held by annoying bastards who happen to be right about nearly everything. Fortunately, due to the frustration that comes with being right about nearly everything, in a world wrong about those same things, there are only 19 of them, and we’re going to find the bastards soon.

Democracy - An excellent form of government where if you can cobble together 51% of the people, by promising them other people’s stuff, or scaring them that you’ll take away their stuff, you can rule as a dictator ..

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