True, the nobility became noble for a reason. They happened to understand what others didn’t. They had low time preference, they lived below their means and worked generationally.
True, the nobility became noble for a reason. They happened to understand what others didn’t. They had low time preference, they lived below their means and worked generationally.
Or, they just robbed somebody else who did all that.
Usually after living above their means to build a social following, and getting into debt to moneylenders.
Oliver Cromwell is a striking example, but there have been so many. Julius Caesar.
