The President is an elected king, but the fact that he is elected has proved to be of far less significance in the course of political evolution than the fact that he is pragmatically a king. … Kings have often been selected this way in European history, and the Roman Emperor was regularly chosen by election.

¶19. Published under "The Development of the American State," The State (Tucson, Arizona: See Sharp Press, 1998), p. 36. - "The State" (1918) - II