The Death and Life of Great American Cities - Part 3, Chapter 16, Gradual Money and Cataclysmic Money Summary & Analysis

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Part 3, Chapter 16, Gradual Money and Cataclysmic Money Summary and Analysis

There are things that money can and can't do. Money cannot make unsuccessful areas successful with having the necessary conditions for success fulfilled. Money can be spent that helps in the creation and fulfillment of the conditions required for success. There are different kinds of money that can be used in a community. Money from private lending institutions is one kind of money. This is the most important kind of money for a community. Public government money is the second kind of money and second in importance for a community. Most of these kinds of funds come with some sort of government guarantee. The third kind of money can be classified as other and rather shady. This category of funds is like loan shark funds with high interest rates...

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This section contains 509 words
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