Rothesay appeal

The main event is today, and potentially for the following two days. You can watch by following the link here, cunningly disguised as A3-2019-2407 & A3-2019-2409.  Starts at 10:00.

I have been leafing through Malleus Maleficarum, the 15th century guide to prosecuting witches, which contains a mass of detail about the correct legal process to be followed. Even if the judges in witchcraft cases knew about the scientific evidence we know today (i.e. witches don’t exist), they would have to ignore it, and follow the legal process set out, for example examining the body of the witch for “devil’s marks”.

Likewise, any scientific evidence that the illiquidity premium does not exist will be ignored in the current case. Whatever the Witchfinder General (you know who I mean) says about the existence of such things, must be considered to be the case.  See e.g. here.