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Navigating Complex Texts and Historical Impact on Property Rights
The chapter explores the challenges and benefits of reading dense texts like 'Constitution of Liberty' by Hayek, discussing the mental stimulation gained and the struggle of balancing intuition and reason. It also delves into the historical impact on property rights, referencing events like the dematerialization of securities in 1964, the creation of the DTCC in 1973, and legal methodologies contributing to the complexity of rehypothecation in the financial system.