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“Economics: Old Greek word for the art of keeping a home weatherproof and supplied with what the householders need. For at least three centuries this word was used by British rulers and their advisers to mean political housekeeping — the art of keeping their bankers, brokers and rich supporters well supplied with money, often by impoverishing other householders. They used the Greek instead of the English word because it mystified folk who had not been taught at wealthy schools. The rhetoric of plutocratic bosses needed economics as the sermons of religious ones needed The Will of God.”

— from The Intelligence Archive of

Historical Jargon.