Mises Wire

The evidence suggests that monarchies—especially small ones—are more peaceful, stable, and protective of private property than their republican neighbors. 

The nationalists in favor of a new constitution in 1787 sent their richest, most schooled,  and most "distinguished" men. Fortunately for them, ceteris paribus, the more distinguished any given gathering, the more statist and reactionary it will likely be. 

Fekete was one of the few old Europeans to recognize the central role of money: on the positive side as a means of amicable division of labor, on the negative side as a casualty and lever of political intervention.