Tuesday, June 22, 2021

Free Lunch


There's no such thing as a free lunch.

— Milton Friedman

Pioneers of the "loss leader," late-19th-century saloonkeepers offered thirsty customers "free lunch."

Economist Milton Friedman popularized the term a century later by propounding that "there's no such thing as a free lunch." (He didn't coin the expression. He swiped it from critics of the New Deal.)

But when it comes to tasty business clichés, Friedman was wrong. 

Below is a free smorgasboard of them.

We use them every day. 

Who'd have thought what these terms originally meant?

Across the board
In the 19th century, racehorses' odds were displayed on "tote boards" (huge calculators) at the track. When a gambler wanted to back a horse to win, place or show, he placed a bet "across the board."'

The Big Cheese himself,
William Howard Taft
Big cheese. In colonial India, Hindus used the word chiz to mean "thing." British soldiers simply added "big" when a thing was important. The term wasn't applied to people until 1911, when President William Howard Taft appeared at the National Dairy Show in Chicago, where he was invited to slice up and sample an enormous wheel of cheese. As a result, the 350-pound Taft became the world's first "big cheese."

Coach. In the 19th century, you took a coach when you wanted to get somewhere fast. Schools began to use the term to denote tutors, who accelerated students' learning.

Dead wood. Shipbuilders in the 16th century often placed loose timber blocks in the keel of a ship as ballast. Sailors called the excess cargo, which slowed the ship down, "dead wood."

Even steven. The first Afrikaners called an English penny a "steven." When they settled a debt, they would say they were "even steven."

Facilitate. In the 13th century, English speakers borrowed the French verb faciliter, which means to "ease," and turned it into a noun. Facility meant "gentleness." If you're gentle, you don't boss people around. You coax them.

Guinea pig. When a Brit volunteered for jury duty in the 18th century, he received the nominal sum of a guinea a day for his time. If he longed for better pay, he'd join the King's Navy, where a "Guinea pig" was a novice sailor.

Hard and fast. An 18th-century ship that was stuck was "hard." A ship in dry dock was "hard and fast."

Irons in the fire. To do the job right, a 14th-century plumber had to keep several hot irons at the ready all the time. How else can you connect lead pipes?

Draco
Kill with kindness. The Ancient Greek lawmaker Draco was beloved by Athenians. To prove their adoration, they showered him with their cloaks—too many cloaks—when he appeared at the Aeginetan theater in 590 BC. Poor Draco was smothered. What a way to go! (I almost said "What a way toga.")

Lame duck. An 18th-century member of the London stock exchange who couldn't meet his obligations on settlement day was said to "waddle" out of Exchange Alley, mortified.

Mentor. Before he left home for the Trojan War, Ulysses chose his friend Mentor as an advisor to his son Telemachus.

The naked truth. An ancient fable holds that Truth and Falsehood went for a swim. Falsehood stole Truth's clothes. Truth refused to take Falsehood's clothes, and so went naked.

Okay. Like President Trump, Andrew Jackson couldn't spell. On day he spelled "all correct" as "oll korrect." The misspelling became an acronym that political enemies seized on, in order to mock Jackson. The gag worked, because "OK" rhymed with the Scottish expression "Och aye," meaning "Oh, yes."

9th-century taxpayer
Pay through the nose. In the 9th century, Ireland was occuoied by Danish invaders. The invaders placed a much-hated real estate tax on the Irish that was known as the "Nose Tax." If you failed to pay the ounce of gold due, the Danes slit your nose.

Take a rain checkBaseball first became popular to watch in America in the late 19th century. You received a voucher, good for future admission, any time a game was called on account of rain.

Skin in the game. Australians called an English pound a "skin" in the early 20th century. Gamblers liked to "put skin in the game." In a so-called "skin game," innocent players were cheated by sharpers.

Tip. In the 17th century, English speakers borrowed the German verb tippen, meaning to "touch," to denote a "gift." Your could make a gift of money (a "tip") or a gift of information (also a "tip"). The story about signs over tip-jars reading "To Insure Promptness" is pure baloney, invented by cartoonist Robert Ripley.

Upper crust. Pies were symbols of society in the Middle Ages. The top crust represented the aristocracy.

Wild Alpine Burdock
Velcro. Swiss engineer George de Mestrel invented Velcro in 1941, after noticing that the burrs of the wild Alpine burdock stuck to his pants. He named his invention after velours crochet, French for "velvet hook."

Worth your salt. Ancient Roman soldiers were paid monthly, sometimes in money and sometimes in salt. Their allowance was called a salarium. Sal is Latin for "salt."

Yahoo. Before the search engine, Yahoo was the name of a race of louts, "the most filthy, noisome, and deformed animals which nature ever produced." The novelist Jonathan Swift dreamed them up when penning Gulliver's Travels in 1726. In 1995, the search engine's inventors borrowed the name, because they thought Swift's description of the Yahoos also described them.

Goodly. "Goodly" combines good with -ly. It was coined by yours truly in 2016 ("Bigly" was already taken). So now you know.

19th-century racetrack "tote board"
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