I just ran across this word in an article. The writer used that phrase “money is fungible”. I finally have a word to describe my objection to giving money to large organizations (e.g. the government, compounded charities, etc.) who spend money in ways I don’t agree with. Most of these organizations will tell you that your money can be earmarked for your particular interests but since the money is (ta-da!) fungible there’s nothing to keep them from divvying the pot anyway they want, and the ultimate result is you’ve provided general support for every supported entity.
For example many state lotteries came into existence with the specific provision that the revenue would be used for education. So what? They just took the money they were already using for education and moved it somewhere else, like [insert your least favorite government program here]. The money is fungible!!!
My life is complete now.
“Vandelay!! Say Vandelay!!”