🌐 Global Economy 1d ago · Tyler Cowen

Is Lichtenstein an actual monarchy?

Marginal Revolution
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It seems so:
Internal documents reviewed by the FT show that three days earlier, behind the walls of Vaduz Castle, Europe’s wealthiest ruling dynasty had quietly approved an overhaul that strengthens the authority of a prince who already wields extraordinary power over his 42,000 citizens, while reducing some of the rights and checks exercised by his relatives in the Princely House of Liechtenstein.
Even before the changes, Prince Alois could veto legislation, dismiss the government, dissolve pa

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