Democracy and Fiat

March 28th 2022.

What is the case for monarchy? Why are monarchies better at long-term thinking? Why do monarchies outcompete republics in protecting property rights, promoting peace, raising living standards, and protecting the value of money? Would a return to hard money bring back the age of monarchies? We discuss all these questions with HRH Prince Philip of Serbia, who became the first monarch to publicly announce being a bitcoiner. Their conversation touches on the story of the Karađorđević dynasty, the factors that led to communist seizure of power in Yugoslavia, and whether a restoration of monarchy is likely, or desirable. In the Q&A, Prince Philip answers questions on his career in finance, ESG, the European Union and whether other monarchs in Europe could serve as allies in bringing about a return to sound money.

Resources

• Prince Philip on Twitter
• Three-minute Tonight with Ivan Ivanović interview highlight here and full appearance (Philip appearance starts from 23:49.)
• Wall Street and the Bolshevik Revolution by Antony Sutton
• Paper by Mauro F Guillén, based on a study of 137 countries, arguing that monarchies provide greater protection of property rights and higher standards of living study than republics.
• The State in the Third Millennium by Prince Hans Adam of Lichtenstein
• Democracy – The God That Failed: The Economics and Politics of Monarchy, Democracy, and Natural Order by Hans-Hermann Hoppe.
• Saifedean’s episode with Tom Nelson whether CO2 the Climate Control Knob? with Tom Nelson
• Saifedean’s first book, The Bitcoin Standard
• Saifedean’s second book, The Fiat Standard

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