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It's a great introduction, but I find the premise a bit funny. It starts with Russell's paradox, insinuates that solving it within set theory makes set theory complex (it doesn't, you basically just restrict what can be used to build a set), and then introduces a system that is fundamentally more complex.
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Regarding Russell’s paradox, its dual is also interesting: Consider the set D := { s | ss }, the set of sets that do contain themselves. Does D contain itself? It might or it might not, neither causes a contradiction. Tnis shows that you don’t need an antinomy for a set comprehension to be ill-defined.
> a set can contain itself

Can it?

> a term can have only one type... Due to this law, types cannot contain themselves

Doesn't look like one follows from the other...