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Hoppe's monarchy>democracy becomes problematic when you include the fascist/communist dictators of the 20th century. Yeah, they did emerge from democracy but you cannot say Germany was democractic after Hitler rose to power. My guess is that he takes a historical viewpoint in his conception of...
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I Just read Hoppe's essay and I think I missed something. To me it sounded like it was against democracy and for monarchy. That seems a little contradictory to the idea of individual freedoms usually shown by libertarian/ austrian economics philosophys so I assume didn't understand something...
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http://www.lewrockwell.com/podcast/?p=episode&name=2009-02-08_098_the_left_the_right_and_the_state.mp3