@Moon @lelouchebag @coolboymew @xianc78 there's also Hoppe's argument, that the reason democratic legislators are bad is their reduced time horizon ("higher time preference") vs. a monarchic ruler (with "lower time preference") who intends for the country to still be held by his progeny. Democratic legislators only have so much time to loot the country while they're in power, and any permanent investment in it is hard to understand as a benefit to them, and term limits would make this even worse, making their looting more intense as even an investment with a return after seven years is too far in the future for a six-year legislator to benefit from.
But, that's just an argument, and standing opposite it is Nancy Pelosi who is still not behind bars for extremely blatant insider trading.