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And you tell me that we don't have modern day kings and queens =)

The fleeing of one's own excrement and stink argument has some major flaws. For one thing, the problems with human waste and stench in general lasted well into the 19th century yet in Medieval Europe, many Kings stopped their practice of revolving residence by the 11th or 12th centuries. Furthermore, premodern places like Versailles (suburban Paris) and Edo (Tokyo) were actually requiring that nobles actually come to those cities and spend at least half of their time living in the shadow of the Sun King or Shogun.

Staying in the castles of one's lords seems to mostly be a means of holding onto power and in the case of Louis XIV and the Tokugawa Shogunate, making the nobles spend most of their time in your Capital City and not in their own castles (organizing uprising) enhanced your power even more than the practice of revolving residence. Both Versailles and Edo became holding pens for nobles well before decent plumbing became widely available so political power and not sanitation seem to be the deciding in the residental habits of the sovereign and his lords.

I do agree with the premise of the entry though, the Middle Ages were terrible in terms of economic policies and results. The High and Late Middle Ages (about AD 1000 to AD 1500) serve as an example of the triumph of the human spirite and of the creativity of the merchant, by the 13th century most large transactions were done without gold or silver on hand, would involve parties eperated by hundreds of miles and were rather complex (usually futures in wool and other goods that would not be finished for years).

The same period also serves as an example of the damages caused by price controls, famines that could have been prevented were made worse by price caps in regions with a crop failure; disrespect for property rights, the whims of princes and barons discouraged investment in labor saving devices and delayed the industrial revolution by centuries and finally the Middle Ages show us how trade makes life better. The Early Middle Ages (or Dark Ages) were largely a result of Germanic barbarians on land and Muslim pirates at Sea making trade almost impossible and the increased standards of living in the High and Late Middle Ages were the result of growing zone of international and interregional trade.

Which in turn reminds of a gag from Blackadder II where Edmund is trying to sell his house:

"What about the privies?"

"When the master craftsman, who created this home, was looking into sewage, he said to himself 'Romeo, for t'was his name, Romeo let's make 'em functional and comfortable'."

"Oh my, that seems nice, doesn't it dear?"

"I think we understand each other, sir! So sir then, a drink?"

"Well what about the privies?!"

"Well what we're talking about in, um, privy terms is the very latest in front wall, fresh air orifices combined with a wide-capacity gutter installation below."

"You mean you crap out of a 'window'?"

"Yes!"

"Well, in that case, we'll definitely take it! I can't stand those dirty indoor things!"