The Bailout and "Econometrics"

Was corresponding again with my friend D and he mentioned the vagaries of econometrics. Which got me thinking.

Who the hell would use a word like "econometric" anyway? How 'bout "measuring the economy"? Or maybe we should all start talking like that:
I had a portion of lasagna today that was gastrometrically unwise. Then I took my pedometer for a nice physiometric jog, before taking a nice, long,
thermometrically-calibrated shower. I'll probably sleep late tomorrow (narcometrically speaking).

In all seriousness, I don't think there is any operative distinction between economics and econometrics. One just has an extra syllable.