8 — Making it Happen: Money vs. Credit

November 29, 2017 — Now that we have covered scientific and technological breakthroughs as specific advancements, making jumps in the economy, and how a system of infrastructure is best understood as providing a platform for a level of economic activity, we take up the question: “How do we organize social structures to make this happen?” How do national banking and federal credit differ from money?


  1. List and briefly describe two large projects financed by the Reconstruction Finance Corporation (RFC) and two financed by public-private partnerships (PPP).

  2. Looking to the future, describe two useful and necessary large infrastructure projects that could be financed by a PPP. Name two that could not. What’s the difference between them?

  3. The dome at the Cathedral of Santa Maria del Fiore was completed by Filippo Brunelleschi over a century after the cathedral’s construction began. Did this magnificent structure, a testimony to human ingenuity and achievement, turn a profit? What is its value?

Reading for next class:

  • Lyndon LaRouche on the role of fundamental scientific discovery in economic progress


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