Terry Breverton is the author of over forty books on Welsh history, and has had a successful career in business and in academia. He now lives in Penarth. He has… Read More

In this final part, I shall discuss how different countries’ currencies are valued relative to one another, and the link between currency value and economic performance. Then (at last!) I shall be in a position to apply all this to Wales. Read More

The system which is in use across the world today, called ‘fiat currency’, is a sort of hybrid between the Gold Standard and ‘free money’. Despite how much we depend on it in our everyday lives, what it is and where it comes from is not often thought about, and is poorly understood – even, or perhaps especially so, amongst our political class. In this article, I shall do my best to explain it and lead into the next and final part of this short series, namely a proposal for how an independent Wales’s currency should work. Read More

Throughout history  governments have found the need to borrow money; even before mass democracy, every population’s demand for services has exceeded their willingness to pay taxes… Read More

In this post, I shall go through some background, explaining how money went from being based on gold and silver coins which had value in their own right, to being tokens issued by governments representing a share in the nation’s wealth. We’ll see how this led to governments being at the mercy of international banking cartels, dominated by a few fabulously wealthy families (one of which was Welsh). Read More

The Welsh economy can only really prosper with independence. This is the great dilemma of Welsh politics: it’s hard for us to prosper without independence, and yet independence is hard to achieve without a measure of prosperity beyond where we are today. Hence it’s in the Unionists’ interest to keep us poor for as long as they can.  The only way to break this vicious circle is to throw out the Labour Party and elect a Welsh government which is serious about independence, serious about economic growth, and has the nous, experience and determination to do what’s needed. Read More

Can a Tory be a Welsh Nationalist? Can a Welsh Nationalist be a Tory? What do these words even mean, and does anyone care? Read More

All over Wales this week, harried teachers will be contemplating the end of term and a long summer holiday – indeed, for some the term will already be over and… Read More