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:&nbsp;<a href="https://mises.org/wire/do-monarchs-always-have-low-time-preferences" target="_blank">Do Monarchs Always Have Low Time Preferences?</a>

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.{ai:summary}<p>Hans Hoppe believed that monarchs would have lower time preferences, but history shows that some Medieval Danish kings acted like modern politicians. #history</p>

Do Monarchs Always Have Low Time Preferences?

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