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.
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.
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…
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).
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.
Can a Tory be a Welsh Nationalist? Can a Welsh Nationalist be a Tory? What do these words even mean, and does anyone care?
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…
Plenty of people complain about the difficulty of finding NHS dental treatment in Wales, but there have been few detailed studies to gauge just how bad the problem is and why it is, in fact, so bad. Therefore it was interesting to see an in-depth article – covering 12 pages in all – in this month’s British Dental Journal, specifically looking at the situation in Wales and how it varies under the seven different regional health boards.
Mynydd y Gwair is a large open access Upland Common in north Swansea which lies within the Lordship of Gower. The Lord of Gower is the Duke of Beaufort of Badminton, Gloucestershire, an extremely wealthy non-Royal Duke. Gower was a Marcher Lordship and has been held by the Normans since well before the 1282 final conquest of Wales.
A guest post by Robin Burn I Eng. FIMMM Introduction The Department for Environment Food and Rural Affairs launched its Resources and Waste Strategy in December 2018. This can be…