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The word was used by the Greek economist Professor Xenophon Zolotas, who delivered two speeches in English using many Greek words that we have adopted.
In his speech, Zolotas was referring specifically to politicians, saying that he thought that they were cryptoplethorists.
The first part of the word (crypto) means secret or hidden, while the second (plethora) means overabundance.
So, he was basically saying that politicians were people with too many hidden agendas, or secret motivations.
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