Today, we discuss one of the most important works of political philosophy of all time, Machiavelli's Il Principe - The Prince. This book was composed while Machiavelli was in exile, after having served the city of Florence for thirteen years as a diplomatic official, but by the time of its authorship reduced to the role of an obscure private citizen. In this work, as Nietzsche characterizes it, Machiavelli takes us along at a brisk allegrissimo through matters of the most grave seriousness, maintaining sobriety and good humor the whole way through. His intended audience is a leader who could found an Italian nation-state. Accordingly, he makes a distinction between republics, hereditary monarchies, and the kind of monarchy that such a unifier of Italy would inevitably have to create: the new monarchy. He writes without concern for the questions of legitimacy, natural rights, or the progress towards a political ideal. Machiavelli instead concerns himself with the practical challenges of establishing a new state. He looks not to the future, but wishes to emulate the example that lies in the distant past, in the form of Rome. His hero, Cesare Borgia - a tragic figure who played the game of thrones rather well, but still lost - was similarly held by Nietzsche as an example of a great individual. In our examination of why Machiavelli admired Borgia, we find an important key to Nietzsche's understanding of Europe's moral-psychological past, and the revaluation of values that took place during the Italian Renaissance, only to be thwarted by the arising of Luther and the Protestant Reformation.