A new paper by a professor at the London School of Economics and his colleague in Barcelona concludes that "hereditary monarchs with lots of legal power choose better policy than other systems do, including democracies, non-hereditary dictators, and weak hereditary monarchs, and this is reflected in higher growth." Despite this, they can't bring themselves to accept the implications of their own conclusions. Why? Well, because a lot of famous people since 1776 haven't liked hereditary monarchy and have said mean things about it, and we wouldn't want to go against them, would we?
"Of course, they're not saying they actually favour hereditary monarchy!"
Of course. Heaven forbid.