Activists are gearing up for another summer of social protests focusing on economic inequality.
While austerity makes no economic sense today, slowing entitlement spending over the long term seems clearly necessary.
Well, the current economic numbers in the U.S. are…epochally awful.
1590s, "pertaining to management of a household," perhaps shortened from economical or from French économique or directly from Latin oeconomicus "of domestic economy," from Greek oikonomikos "practiced in the management of a household or family," hence, "frugal, thrifty," from oikonomia (see economy (n.)). Meaning "relating to the science of economics" is from 1835 and now is the main sense, economical retaining the older one of "characterized by thrift."