The Record

American law has struggled to accommodate the rise of fintech. The United States has labored under a division of regulatory authority between the state and federal governments designed for a financial landscape comprised of banks and large, systemically important shadow banks.

Learning the system of estates in land and future interests can seem like learning a new language. Scholars and students must master unfamiliar phrases, razor-sharp rules, and arbitrarily complicated structures. Property law is this way not because future interests are a foreign language, but because they are a programming language.