In this video is outlined the principles of what monarchists believe in. It is not wholly accurate, as it seems to portray the average monarchist as a Godfearing reactionary - not that being Godfearing or reactionary is a bad thing. However the sentence that drew my attention is "when one hears the word Communist, Anarchist or Conservative it is clear what that person believes in. Yet when one hears the word 'Monarchist' it is not so clear." He then goes on to say "It is no surprise considering the many myths about this ideology and the many branches of this ideology". Certainly there are many branches of the monarchist ideology - one can be an Australian monarchist who simply wants to keep the Queen, or an absolutist who believes in vesting absolute authority of the realm in the person of the king, or anything in between.Read the rest here.
I think we can divide most monarchists into two rough camps - those who believe in monarchy for the sake of monarchy, and those who believe in monarchy for the sake of good government. Some people have a foot in both camps - some people are further into one camp than the other. One's preferred "branch" of monarchism is usually irrelevant here. Some constitutional monarchists just like having a Queen, or are monarchists because their country has always been a monarchy, rather than for any particularly great desire for constitutional stability. Some absolutists genuinely believe that absolute monarchy is the best form of government, and they are usually good at supporting this.
I have a foot in both camps, alternately stepping further into one or the other on a regular basis, but essentially I am a constitutional monarchist. Even though I can sympathise with its supporters, I am not a fan of absolute monarchy. It is primarily because I believe in democracy, and because I think that, while absolute monarchy certainly has its strengths, it can equally be an irresponsible and dangerous way of governing, when one man's word is law.