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I'd like to add to this the following (as food for though):
Absolute monarchy is to be prefered over (time limited) democracy due to the fact thet the monarch has less incentive to take from the people because he will pass on the rule to his children thus it's somewhat comparable to an investment.
A democratic government that is for example limited to two terms however must use those two terms to gain the maximum for themselves. Afterwards it's the same for the next government and so on.
This is not my idea but was first mentioned by Hans-Hermann Hoppe I belive.
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Which is better, democracy or monarchy?