Stiletto

Stiletto (pronounced sti-let-oh)

(1) A small, slender knife or dagger-like weapon intended for stabbing; usually thick in proportion to its width.

(2) An archaic name for the rapier.

(3) A pointed instrument for making eyelet holes in needlework; a sharply pointed tool used to make holes in leather; also called an awl.

(4) A very high heel on a woman's shoe, tapering to a very narrow tip, also called the spike heel or stiletto heel.

(5) A beard trimmed to a pointed form.

(6) A style used in the fashioning of decorative fingernails.

1605–1615: From the Italian stiletto, a doublet of stylet, the construct being stil(o) (dagger or needle (from the Latin stilus (stake, pens))) + -etto (-ette) and from the Latin stilus came also stelo, an inherited doublet.  The etto- suffix was used to forms nouns from nouns, denoting a diminutive.  It was from the Late Latin -ittum, accusative singular of –ittus, and was the alterative suffix used to form melioratives, diminutives, and hypocoristics and existed variously in English & French as -et, in Italian as Italian -etto and in Portuguese & Spanish as -ito.  With an animate noun, -etto references as male, the coordinate female suffix being -etta, which is also used with inanimate nouns ending in -a.  It should not be confused with the homophonous suffix -eto.  Stilus was from the primitive Indo-European (s)teyg- (related to instīgō & instigare) and was cognate with the Ancient Greek στίζω (stízō) (to mark with a pointed instrument) and the Proto-Germanic stikaną (to stick, to stab).  Despite the similarity, there’s no relationship with the Ancient Greek στῦλος (stûlos) (a pillar).

A quasi-technical adoption in law-enforcement and judicial reports were the verb-forms stilettoed & stilettoing, referring to a stabbing or killing with a stiletto-like blade.  It was a popular description used by police when documenting the stabbing by wives of husbands or boyfriends with scissors or kitchen knives; use faded in the mid-twentieth century.  The idea of a long, slender beard trimmed into a pointed form being "a stiletto" popular in the sixteenth & seventeenth centuries but all such forms seem now to be referred to either as "a goatee" or "a Van Dyke".  The adjectival use can also sometimes need to be understood in the context of the phrase or sentence: "a stilettoed foot" can be either "the foot of someone wearing a shoe with a stiletto heel" or "a foot which has been stabbed with a long, thin blade.  Stiletto & stilettoing are nouns & verbs, stilettoed is a verb & adjective and stilettolike (also stiletto-like) is an adjective; the noun plural is either stilettos or stilettoes.

Of blades and heels

The stiletto design for small bladed weapons pre-dates not only modern metallurgy but antiquity itself.  The essence, a short, relatively thick blade, was technologically deterministic rather than aesthetic, most metals of the time not being as sturdy as those which came later.  Daggers were for millennia an essential weapon for personal protection but, particularly after developments in ballistics; they tended to evolve more for formal or ceremonial purposes.

The Schutzstaffel (SS) dagger model M1933 (often abbreviated to M33).

The M1933 was the standard issue to all SS members, the hilt either silver or nickel-plate while the grip was black wood.  Produced in large numbers, collectors are most attracted to the low-volume variations such as those without the manufacturer’s trade-mark or RZM control markings.  Most prized are the rare handful with a complete "Ernst Röhm inscription" which read In herzlicher freundschaft, Ernst Röhm (In heartfelt friendship, Ernst Röhm).  Given his his habits, enjoying Röhm's "friendship" would for a few have proved a double-edged sword.   Some 136,000 of the engraved SA daggers were produced, a further 9900-odd distributed to the SS.  After Röhm (1887–1934; chief of the Nazi Sturmabteilung (the stormtroopers (the SA)) was executed during the Nacht der langen Messer (Night of the Long Knives), also called Unternehmen Kolbri (Operation Hummingbird) in 1934, all holders of the Röhm Honour Dagger were ordered to have the inscription removed and most complied, the unmodified survivors thus highly collectable although in some countries, the very idea of trading Nazi memorabilia is becoming controversial.  As ceremonial devices, bladed weapons were a feature of the uniforms worn during the Third Reich (1933-1945) and they were issued to all branches of the Wehrmacht (the German armed forces) the police, the various paramilitaries, the diplomatic service as well as organizations as diverse as the railways, the fire services, the forestry service and the postal office.  In this they were continuing a long German tradition but the Nazis vision of a homogenous, obedient population included the notion that uniforms should be worn wherever possible and there is something in the cliché that (at least at the time), no German was ever as happy as when they were in uniform.

Although the term is used widely, in the narrow technical sense, not all slim, high heels are stilettos.  The classic stilettos were the extremely slender Italian originals produced between the 1930s and 1960s, the heels of which were no more than 5 mm (0.2 inch) in diameter for much of their length, flaring at the top only to the extent structurally required successfully to attach to the sole; the construction of solid steel or an alloy.  Many modern, mass-produced shoes sold as "stilettos" are made with a heel cast in a rigid plastic with an internal metal tube for reinforcement, a design not having the structural integrity to sustain the true stiletto shape.  However, English is democratic and in the context of footwear, "stiletto" now describes the visual style, regardless of the materials.

The lines of the classic black stiletto (top left) were long ago made perfect and can't be improved upon; such is the allure that many women are prepared to endure inconvenience, instability, discomfort and actual pain just to wear them.  They appeal too to designers and the style, the quintessential feminine footwear, has been mashed-up with sneakers, Crocs, work-boots, sandals and even a scuba-diver's flippers (though they really were at home only on the catwalk).  Military camouflage is often seen, designers attracted by the ultimate juxtaposition of fashion and function.  The Giuseppe Zanotti Harmony Sandals (bottom row, second from right) were worn by Lindsay Lohan on The Masked Singer (2019).    

In the world of fingernail fashioning, there are stilettos and stilettos square.  A statement shape, something of a triumph of style over functionally, the stiletto gains its dramatic effect from long and slender lines and can be shaped with either fully-tapered or partially square sides.  They’re vulnerable to damage, breaking when subjected to even slight impacts and almost never possible with natural growth and realistically, pointed nails, certainly in their more extreme iterations (the stilettos, lipstick, mountain peaks, edges, arrow-heads, claws or talons), are more for short-term effect than anything permanent.  Best used with acrylics, the knife-like style can be a danger to the nail itself and any nearby skin or stockings.  Those contemplating intimacy with a women packing these should first ponder the implications.  True obsessives insist the stiletto styles should be worn only with matching heels and then only if the colors exactly match.

1964 Hillman Imp.

The Hillman Imp was a small economy car introduced in 1964.  It was the product of the Rootes Group which needed an entry in a market segment which had been re-defined by the British Motor Corporation’s (BMC) Mini and although similar in size, the engineering was radically different: rather than the Mini's front-engine / front wheel drive (FWD) arrangement which became (and to this day remains) the template for the industry, the Imp was configured with a rear-engine and rear wheel drive (RWD), something which had for decades been a feature of small Europeans cars but was in the throes of being abandoned.  It never achieved the commercial success of the BMC product although it continued in production after 1967 when the Rootes group was absorbed by Chrysler and, perhaps remarkably, it remained on the books until 1976.  In that time, it sold in not even 10% of the volume achieved by the Mini between 1959-2000.

Hillman Imp V8, Oran Park, Sydney, Australia, 1971.

The Hillman Imp did enjoy some success in competition, winning three successive British Saloon Car Championships between 1970-1972 (competing in Class A (under 1000 cm³)) but years earlier, its light-weight and diminutive dimensions had appealed to Australian earth-moving contractor Harry Lefoe (1936-2000) who had a spare 302 cubic inch (4.9 litre) Ford (Windsor) V8 sitting in his workshop.  By then, the Imp was a Chrysler product but because the published guidelines of the Australian Sports Sedan Association (ASSA) restricted engines to those from cars built by the manufacturer of the body-shell, the small-block Ford V8 could be put in an Imp because it had been used in the earlier Sunbeam Tiger.  So the big lump of an iron V8 replaced the Imp's 875 cm³ (53 cubic inch) aluminium four and such was the difference in size that Lefoe insisted his Imp had become "mid-engined" although it seems not to have imparted the handling characteristics associated with the configuration, the stubby hybrid infamous for its tendency to travel sideways.  It was never especially successful but it was loud, fast, spectacular and always a crowd favourite.

1967 Sunbeam Stiletto.

Introduced in 1967, the Sunbeam Stiletto was a “badge-engineered” variant of the Imp (there were also Singers), the name an allusion to the larger Sunbeam Rapier (a stiletto a short blade, a rapier longer).  Badge engineering (a speciality of the British industry during the post-war years) was attractive for corporations because while it might increase unit production costs by 5-10%, the retail price could be up to 40% higher.  Very much a “parts-bin special” (although there was the odd unique touch such as the quad-headlamps and the much-admired dashboard), mostly it was a mash-up, the fastback bodywork already seen on the Imp Californian and some interior fittings and the more powerful twin carburettor engine shared with the Singer Chamois.  Curiously, some sites report the fastback lines proved less aerodynamically efficient than the Imp’s more upright original, the opposite of what was found by Ford in the US when the “formal roof” Galaxies proved too slow on the NASCAR ovals, a “semi-fastback” at essentially the same angle as the Stiletto proving the solution; the physics of aerodynamics can be counter-intuitive.  Stiletto production ceased in 1972 with the Sunbeam brand-name retired in 1976 although Chrysler used it as a model name until 1981.

Lindsay Lohan in Christian Louboutin Madame Butterfly black bow platform booties with six-inch (150 mm) stiletto heel.

Hilt

Hilt (pronounced hilt)

(1) The handle of a sword or dagger.

(2) The handle of any weapon or tool.

(3) To furnish with a hilt.

(4) As the idiom “to the hilt”, to the maximum extent or degree; completely; fully.

Pre 900:  From the Middle English, from the Old English hilt & hilte (handle of a sword or dagger); cognate with the Middle Dutch hilt & hilte, the Old Norse hjalt, the Old Saxon helta (oar handle) and the Old High German helza (handle of a sword).  Source was the Proto-Germanic helt, heltą, heltǭ, heltō & hiltijō, probably from the primitive Indo-European kel- (to strike, cut).  One form of the idiom which died out was “up to the hilts”, the plural having exactly the same meaning as the still familiar singular; first noted in the 1670s, it was extinct by the mid-eighteenth century except in Scotland and the border regions of northern England where it survived another hundred-odd years.  The vivid imagery summoned by the expression “to the hilt” is of a dagger stabbed into someone’s heart, the blade buried all the way to the hilt.  The phrase is used to suggest one’s total commitment to something although those training British commandoes in such things during World War II did caution that a blade buried in a victim "to the hilt" could be "difficult to get it out", such were "the contractions of the sinews".

Hilt is a European swordsmith’s technical name for the handle of a knife, dagger, sword, or bayonet; the once used terms haft and shaft have long been obsolete.  The hilt consists of a pommel, grip and guard.

Lindsay Lohan with saw-tooth edged dagger held at the hilt; from a Tyler Shields (b 1982) photo session, 2013.

The pommel is the large fitting at the top of the handle, originally developed to prevent the weapon slipping from the grasp but during the late medieval period, swordsmiths began to add weight so they were sufficiently heavy to be a counterweight to the blade.  This had the effect of shifting the point of balance closer to the hilt, the physics of this assisting swordsmanship.  The pommel could also be used as a blunt instrument with which to strike an opponent, something from the German school of swordsmanship known as the Mordhau (or Mordstreich or Mordschlag (literally "murder-stroke" or "murder-strike" or "murder-blow") method, a half-sword technique of holding the sword inverted, with both hands gripping the blade while striking one's opponent with the pommel or crossguard.  The technique essentially makes as sword function as a mace or hammer and in military training was envisaged for use in armoured combat although in the hands of a skilled exponent it could be deadly in close combat.  Some hilts were explicitly designed for this purpose.  The word pommel is from the Middle English pommel (ornamental knob or ball, decorative boss), from the Old French pom (hilt of a sword) & pommel (knob) and the Medieval Latin pumellum & pōmellum (little apple), probably via the Vulgar Latin pomellum (ball, knob), diminutive of the Late Latin pōmum (apple).  The use in weaponry came first, the sense of "front peak of a saddle" dating from the mid 1400s and in fifteenth and sixteenth century poetry it also sometimes meant "a woman's breasts".  The gymnast's pommel horse (vaulting horse) is so called by 1908, named for the removable handles, which resemble pommels of a saddle, the use in saddlery noted first in 1887.

Grips are still made almost always of wood or metal and once were usually wrapped with shagreen (untanned tough leather or shark skin) but this proved less durable in climates with high-humidity and in these regions, rubber was increasingly used from the mid-nineteenth century.  Whatever the material, it’s almost always both glued to the grip and wrapped with wire in a helix.  The guard sits between grip and blade.  The guard was originally a simple stop (a straight crossbar perpendicular to the blade (later called a quillon)) to prevent the hand slipping up the blade but later evolved into an armoured gauntlet to protect the wielder's entire hand from an opponent’s sword.  By the sixteenth century, guards became elaborate, now often decorative as well as functional, the innovation of this time being a single curved piece alongside the fingers (parallel with the blade and perpendicular to any cross-guards); it became known as the knuckle-bow.

Broad

Broad (pronounced brawd)

(1) Of great breadth.

(2) A quasi-standard expression of lineal measurement (from side to side).

(3) Of great extent; large; extensive, ample, spacious, vast.

(4) Wide-open; full (applied usually to daylight).

(5) Not limited or narrow; of extensive range or scope (applied to knowledge, experience etc).

(6) Liberal; tolerant (semi-institutionalized as one of the three factions of the Anglican Church (Low, broad & high).

(7) A generalized summary of something (often as broad outline); general rather than specific.

(8) Something made plain or clear; outspoken.

(9) Indelicate; indecent, vulgar (now rare).

(10) Of conversation, rough; countrified, unrefined.

(11) Unconfined; unbridled; unrestrained.

(12) In linguistics, of pronunciation, strongly dialectal; the most exaggerated of its type; consisting of a large number of speech sounds characteristic of a particular geographical area or social class.  As applied to Gaelic languages: velarized (ie palatalized).

(13) In phonetics, of a transcription, using one basic symbol to represent each phoneme; of or relating to a type of pronunciation transcription in which symbols correspond approximately to phonemes without taking account of allophonic variations.

(14) In (mostly historic US & Canadian) slang, a usually disparaging term for a women, often one that hints at promiscuity (but not prostitution); often in the plural.

(15) In film & television production, an incandescent or fluorescent lamp used as a general source of light in a studio.

(16) A type of wide-bladed battle sword.

(17) A gold coin of England and Scotland, minted first in 1656 and issued by James I and Charles I; equal to 20 shillings.

(18) As broadband, a term now vague in meaning which implies a high-speed internet connection but which has been applied to any service rated faster than the highest speed possible using a single analogue modem connected with a conventional phone line (copper pair (Cat3)).

(19) In public finance, as broad money, denoting an assessment of liquidity including notes and coins in circulation, bank holdings, most private-sector bank deposits, and certain bank-deposit certificates; usually classed as M3 in the (sort of) standardized system by which OECD countries measure the money supply.

(20) In UK dialectal use, a river spreading over a lowland (in East Anglia, a shallow lake).

(21) In woodworking, a wood-turning tool used for shaping the insides and bottoms of cylinders.

(22) In the UK, a common pronunciation of B-road (a secondary road).

Pre 1000: From the Middle English brood, brode, brod & broad from the Old English brād (broad, flat, open, extended, spacious, wide, ample, copious; not narrow), from the Proto-Germanic braidi, from the Proto-West Germanic braid, from the Proto-Germanic braidaz (broad), of uncertain origin.  It was cognate with the Scots braid (broad), the West Frisian breed (broad), the Saterland Frisian breed (broad), the Low German breet & breed (broad), the Dutch breed (broad), the German & Old High German breit (broad, wide), the Danish, Swedish & Norwegian Bokmål bred (broad), the Norwegian brei (broad), the Icelandic breiður (broad, wide), the Old Norse breiðr (breithr), the Old Frisian brēd and the Gothic braiths & brouþs.  The word is not found except in Germanic languages and there has never been any clear distinction between broad & wide although there are conventions of use but they vary widely (and presumably in some places broadly) by geographical region.  Related and sometimes synonymous words include deep, expansive, full, large, vast, comprehensive, extensive, far-reaching, sweeping, universal, wide, wide-ranging, clear, explicit, straightforward, radical, improper, indecent & roomy.  Broad is a noun & adjective, broadly is an adverb; broadness is a noun, broaden is a verb, broadening is a noun & verb and broadest & broadish are adjectives; the noun plural is broads.    

Circa 1300, broad also had the specific meaning "breadth", now obsolete, which was from broad the adjective.  The sense of "shallow, reedy lake formed by the expansion of a river over a flat surface" was a Norfolk dialect word from the 1650s and broad had assumed its (broad) meaning as "the broad (wide) part" of anything by 1741.  The broad-brim hat was first described in the 1680s and the phrase “broad-brimmed” or “broad-brimmer” was eighteenth & nineteenth slang for a "Quaker male", so described because of their characteristic attire.  Broad-minded (in the sense of open-minded, liberal, less judgmental) was from the 1590s but this abstract mental sense of broad existed also in Old English as bradnes which meant both "breadth" & "liberality".

German broadsword, Waloon pattern, circa 1650.

Some swordsmiths insist the only true broadsword is one of the “basket-hilted swords”, characterized by a basket-shaped guard at the hilt which protects the hand, an elaboration of the quillons added to swords' cross-guards since the later Middle Ages.  What everybody else now calls the broadsword is a bladed weapon of the early modern era (sixteenth-seventeenth century), the construct in Old English being brad + swurd and, exclusively a battlefield weapon, they were always distinguished from rapiers and other dueling swords by their wide and often long & thick blades.

The term broadsheet was first used to describe a newspaper in 1705 when the distinguishing characteristic was being a “large sheet of paper printed on one side only”; by 1831 the usual phrase was “"a broadsheet newspaper" which in the twentieth century evolved into a distinction between the sober publications of record, reflection and reporting (The Times of London, The New York Times, The Manchester Guardian etc) and the popular tabloid press concerned with entertainment, sport and (increasingly) celebrity culture (the News of the World, The Sun, the New York News etc), based on the former being printed in larger formats, the latter half-sized (tabloid in printer’s jargon.  Even when some broadsheets switched to the smaller format, the phraseology remained and seemed to have survived even where some have abandoned print editions entirely, tabloid journalism still something simultaneously popular and disreputable.

Lindsay Lohan on Broadway, attending the production MJ The Musical, New York, July 2022.

Broadway (like High Street or Main Road) became a common street name apparently as early as circa 1300, applied obviously to particularly wide roads or streets, the allusive use for "New York’s theater district" dating from 1881.  The derivative “off broadway” (sometime with initial capitals) described smaller theatres in the New York City area, those with fewer than 300 seats, or a production in such a theater, usually away from the "Broadway" theater district and which operated under special rules from the theatrical unions which permitted productions to be mounted at much lower cost.  Use of off-broadway was first noted in 1953 as the volume of productions began greatly to expand in the buoyant post war economy and off-off & off-off-off (etc) broadway followed, the number of “offs” hinting progressively at the diminishing size of the budget, theatre and reputations of those associated with the production.

Broadcasting in the modern understanding of the word attained critical mass first in the 1920s as medium-wave AM radio became popular as the cost of vacuum tube radio transmitters and receivers fell to affordable levels.  Broadcasting was based on the idea in agriculture of broad-sowing, the casting of seeds over a broad area and was electronic communication on a one-to-many basis, as opposed to earlier radio, telephone, and telegraph models which were one/few to one/few.  Although the technology and the distribution platforms have since much evolved, broadcasting remains conceptually the same but the technological changes have greatly affected the behavior of audiences and much of what “broadcasters” now do is really stranded narrowcasting, the content designed not for the large-scale, even nation-wide catchments which once were available but aimed instead at specific demographics also served by the narrowcasters proper.  So changed is the environment that the terms are now less useful than when there were clear distinctions between them.

Dean Martin (1917-1995) and Frank Sinatra (1915-1998) carry "strike" signs demanding "Free Broads" as part of a gag during a show at the Sands' Copa Room, Las Vegas, 1960.

Although the "rat pack" persona was cultivated as something edgy and anti-establishment, their audience was politically conservative and, by the 1960s, part of an older generation which mostly didn't approve of young people marching with protest signs.  For a couple of old pros playing Las Vegas, this was an easy laugh and, by the standards of the time, self-deprecating.

The apparently etymologically baffling use of broad to describe a woman with some suggestion of promiscuity has attracted speculation.  It’s been suggested it might be an alteration of bride, especially through influence of the cognate German Braut, which was used in a similar sense (young woman, hussy) and there was the Middle High German brūt (concubine) but, especially given it came to be noted as a generalized slang term for women only circa 1911 in US use, etymologists prefer to link the development to the earlier slang “abroadwife”, used to mean both “woman who lives or travels without her husband" and “woman maintained in another place by a man and unknown to his wife”.  It’s now a dated form, used sometimes ironically but has often been misapplied with a suggestion of prostitution.  Because of these negative associations, and the increasing popularity of women's athletics, the name of the track and field “broad jump” (dating from 1863) was changed to “long jump”, beginning in the US in 1967 and soon adopted by athletics federations worldwide.

Some broadband is more broad than others: Indicative speed (January 2022) of internet connections in selected countries based on Ookla’s speedtest.net data, the informal standard for consumer-level speed testing.

The noun broadband actually dates from the 1620s in various senses from dressmaking to engineering.  It was used in electronics from 1956 with the meaning "a band having a wide range of frequencies" but the now most familiar use is as a descriptor of high-speed internet access.  Although the term broadband had since the 1970s been used in the technical language of the then embryonic industry of networking and distributed communications, it was little known by the public until the first standards were published for Asymmetric Digital Subscriber Line (ADSL), a consumer-level version of digital subscriber line (DSL) technology.  Ever since, it’s been used in the sense of “high-speed internet” but except for some local (and usually quickly outdated) legislated definitions, it’s never had a universal or even generally accepted meaning beyond the very early implementations when it was understood to imply a connection faster than the fastest service attainable by a single (8000/8000 baud; V.92; 56.0/48.0 kbit/s down/up) analogue modem connected with a conventional phone line (untwisted copper pair (UTP-Cat3)) which was usually accepted to be 56 kbit/s.  That soon was not a great deal of help and now, unless in a jurisdiction where use of the term broadband requires the maintenance of minimum up & download speeds, it’s really just an advertising term and unless a service so advertised turns out to be so slow that the use might be held to be deceptive or misleading, is often little more than “mere puffery”.  Hotels which in the 1990s and early 2000s spent a lot of money to install the hardware and software to support what was then “broadband” which they advertised as such soon, faced complaints as rapid advances in technology rendered their infrastructure quickly obsolescent and slow, the only solution sometimes to replace all the equipment although many instead took advantage of the profit-sharing industry which emerged, third-parties handling the installation and support, the hotel taking just a commission on total revenue.  Just as a precaution, some gave up on advertising “broadband” and instead offered the even more vague “hi-speed” which definitely meant nothing in particular.     

Contemporary art museum The Broad, Grand Avenue, Los Angeles.  The building's name is a reference not to the architecture but the philanthropists Eli (1933-2021) & Edythe (b 1936) Broad, who paid for it and provided the core of the collections exhibited.  It opened in September 2015, the architecture generally well-received.

Broadcloth (also as broad-cloth) was a "fine woolen cloth used in making men's garments" and dates from the early fifteenth century, the name derived from its width (usually 60 inches (1.5m)).  The phrase “broad daylight” emerged in the late fourteenth century and broad was first applied to speech and accents during the 1530s. To be “broad in the beam” is to be overweight, the term, predictably, applied almost exclusively to women.  To have “broad shoulders” suggests an ability to take criticism, or accept responsibility, an allusion to the figure of Atlas from Greek mythology who was condemned to forever carry on his shoulders the weight of the world.  In admiralty jargon, “broad on the beam” is a nautical bearing 90° to the heading of a vessel while “broad on the bow” is a bearing 45° to the heading of a vessel.  Broadacre farming or agriculture is a generalized reference to activities undertaken on large-scale open areas as opposed to smaller, fenced enclosures and can be used to describe either cropping or animal production.  The expression, like “mileage” or “tons” has survived metrification; “broadhectare” does exist as jargon in the field of residential land supply but is not widely used.

The Anglicans

Some time ago, the ever-entertaining Anglican Church, sort of formalized their three warring factions as the low and lazy, the broad and hazy and the high and crazy:

The Low and Lazy

Like the high churchers, the low lot still believe in God but, their time not absorbed plotting and scheming or running campaigns to stamp out gay clergy and opposing the ordination of women, they actually have time to pray, which they do, often.  The evangelical types come from among the low and don’t approve of fancy rituals, Romish ways or anything smelling of popery.  Instead, they like services where there’s clapping, dancing and what sounds like country & western music with sermons telling them it’s Godly to buy things like big TVs and surf-skis.

The Broad and Hazy

The broad church is more a club than a church, something like the Tory Party at prayer.  The parishioners will choose the church they (occasionally) attend on the same basis as their golf club, driving miles if need be to find a congregation acceptably free of racial and cultural DEI (diversity, equity and inclusion).  They’re interested not at all in theology or anything too abstract so sermons are preached to please the bourgeoisie.  The broad church stands for most things in general and nothing in particular, finding most disputes in Anglicanism baffling; they just can't see what all the fuss is about.

The High and Crazy

The high church has clergy who love dressing up like The Spice Girls, burning incense and chanting the medieval liturgy in Latin.  They disapprove of about everything that’s happened since the 1662 edition of the Book of Common Prayer and believe there’d be less sin were there still burnings at the stake.  Most high church clergy wish Pope Pius IX was still running the show from Rome and some act as though he’s still there.

Of money

All will be pleased to know there is narrow money and broad money.  Narrow money includes notes and coins in circulation and bank deposits (if available to conduct transactions).  Broad money includes all narrow money and other liquid assets that can be used to buy goods and services.  Collectively, the money circulating in an economy is called money supply, movements in which are tracked and sometimes manipulated governments and central banks.  There are economists who insist the distinction between narrow and broad money is mainly theoretical and they have a point in that the relationship between national wealth and (1) physical notes and coins and (2) the notion of asset backing (such as a gold standard) are both now somewhat abstract and the money supply can now be expanded without the effects of the physical economy which would once have been inevitable but the measures are still of great interest, as is the strange fact that the actual definitions of money used by governments and central banks in major trading economies vary from country to country.

The United States

The US Federal Reserve provides only two main measures of money M1 (narrow) and M2 (broad).  M1 consists of currency in circulation, travelers’ checks of nonbank issuers, demand deposits, and other checkable deposits (eg negotiable order of withdrawal accounts at depository institutions).  M2 is M1 plus savings deposits and money market deposit accounts, time deposit accounts below $100,000, and balances in retail money market mutual funds.  The interesting thing about the US is that the Fed’s M1 & M2 excludes a lot of what most economists regards as money but it’s very difficult to estimate how much, all agreeing only that it’s big number.

The Euro Zone

The European Central Bank (ECB) publishes M1, M2 & M3, each measure becoming progressively broader.  M1 includes currency in circulation plus overnight deposits.  M2 is M1 plus deposits redeemable at notice of up to three months and deposits with an agreed maturity of up to two years.  M3 is M2 plus repurchase agreements, money market fund shares, money market paper, and debt securities issued with a maturity of fewer than two years.

The United Kingdom

The Bank of England uses four measures of money, M0, M2, M4, and M3H, M0 the narrowest, M4 the broadest.  M0 is currency in circulation plus bankers’ deposits held by the Bank of England.  M2 is M0 plus deposits held in retail banks.  M4 is M2 plus certificates of deposits, and wholesale bank and building society deposits.  The mysterious M3H is a parity device which exists to allow the Bank of England to align their reporting for statistical purposes with the money supply measures published by the ECB and this is M4 plus foreign currency deposits in banks and building societies.

Australia

The Reserve Bank of Australia used to use M1, M2 & M3 but now publishes M1, M3 & Broad Money.  M1 is currency in circulation plus bank current deposits from private non-bank entities.  M3 is M1 plus other deposits from building societies and credit unions with banks.  Broad Money is M3 plus borrowings from the private sector by non-bank depository corporations excluding holdings of currency and deposits of non-bank depository corporations.

Japan

The Bank of Japan is a monetary classicist and publishes M1, M2, and M3, where M1 is the narrowest and M3 the broadest.  M1 includes currency in circulation plus deposits.  M2 is M1, plus certificates of deposit.  M3 is M2 plus savings and deposits at financial institutions and post offices.

For countries which run modern economies with convertible currencies and a high degree of interoperability and (usually), little (at least by historic standards) in the way of exchange controls, it may seem strange that the definitions of money vary to the extent they do, the only feature of commonality really that each maintains a measurable concept of narrow and broad money.  Only a few central banks, such as the Bank of England, include a device with which those interested in such things can align the numbers more accurately to compare one with another; it’s almost as if the central banks and governments like some vagueness in the system.

There is no direct relationship between the volume of the money supply and its value expressed as purchasing power.  German children during the hyper-inflation experienced in the Weimar Republic in 1923 would play with literally trillions, using bundles of currency with a face value in the billions (of the then current Papiermark) as toy building blocks.  Although the purposes for which it was originally set up have long been overtaken by events, the Bank for International Settlements (BIS) still exists (which is interesting in itself) and although the BIS organizes interesting conferences and seminars and publish a wealth of meaty material, it’d be an interesting task for them to devise a standardized money supply model which could augment (ie not replace) the machinery to which the central banks would no doubt cling.  Even if restricted to members of the Organization of Economic Cooperation and Development (OECD), it would be an interesting data-set to align with other charts but the chances of this seem remote.  It might frighten the horses.