Do Monarchs Always Have Low Time Preferences?

Tags: Democracy, Politics, World History

10/18/2023 Uffe Merrild

Hans Hoppe theorized that monarchs, as opposed to democratically-elected political authorities, would have lower time preferences and would be less likely to engage in reckless government spending. Unfortunately, at least one Medieval Danish king acted like a modern politician.

Original Article: Do Monarchs Always Have Low Time Preferences?

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