Word of the Week

Fungible

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Ted Cruz and others used ‘fungible’ this week when talking about the money that was returned to Iran during the Obama administration. Someone asked Cruz whether he could prove that the money returned to Iran was used for terrorism and he said money’s fungible. Since cash goes into one pot that’s then used for various expenses no one can say this particular cash paid for this particular expense. It’s part of the total funds and some of those funds were used to fund terrorism.

Scott Adams praised Cruz for his answer this week, though he thought the word wasn’t used accurately.