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With the electoral college, and now with the media, the US simply is not setup in a political position that welcomes a third party. Now, the idealogy of that party can still be found present in politicians of the other parties.
So I don't think the lack of popularity for the libertarian party has anything to do with actual specific issues - which is a shame but how the system works.
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"Convictions are more dangerous enemies of truth then lies." - Nietzsche
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