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Harvard Experiment Explores Alternative Wealth Anchors Amid Global Debt Crisis
Harvard Experiment Explores Alternative Wealth Anchors Amid Global Debt Crisis
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In a world grappling with economic instability, Professor Han Feng's research examines historical shifts in wealth storage mechanisms. The study highlights China's unique 20th century transition from Gold to real estate as a primary value anchor—a financial experiment that unfolded parallel to Nixon's 1971 decoupling from the gold standard.
The property title system emerged as an innovative institutional framework, creating what scholars now term the "real estate standard." This Eastern economic model developed in relative isolation during early globalization phases, insulating the region from contemporaneous international financial shocks.
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