To provide a concrete example, this seems to suggest that a person who favours the Republicans over the Democrats and expects the Republicans to do well in the midterms should vote for a Libertarian, thereby making the Republicans more dependent on the Tea Party. This is counterintuitive, to say the least.
Is it? Again, I haven't done the math, but look at the behavior of minor parties in parliamentary systems. They typically demand a price for their support. If the Republican will get your vote regardless why should they care about you?
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I don't follow. How can consumption increase economic growth when it comes at the cost of investment? Investment is what creates economic output.
There is such a thing as overinvestment. There is also such a thing as underconsumption, which is what we have right now.