Second, the sale has different effects as regards the fungible
or non-fungible goods.
Three generalizations are permitted by the evidence: (i) aid finances government spending; (ii) the extent to which aid is fungible
is over-stated and even where it is fungible
this does not appear to make the aid less effective; (iii) there is no systematic effect of aid on tax effort.
When it comes to fungibles
, nobody beats the home furnishings industry.
Loyalty is fungible
in today's economy, and goes to the highest bidder.
But it is also, in this era of globalization, extremely fungible
. So it must be carefully protected and leveraged to ensure that it continues to generate sustainable competitive advantage.
These are not altogether useless categories, but they are awfully fungible
. Take, for example, the chapter on How Entertainers are Bad for Presidents.
Many comment that surrogates are notable for their inability to convey those crucial artifactual aspects and can deliver to the user only that which is fungible
, that is, portable in any format.
Since monies are fungible
, i.e., interchangeable, a pro-abortion group receiving "non-abortion-related" funds for one country may easily shift those funds around for pro-abortion activities in another country.
Of course, Colombia's misery is fungible
; if we concentrate solely on fixing the problem in Colombia, we will see the narcotics trade relocating to greener pastures across the region.
There are two more reasons for inaccuracies in this reversal that we have yet to cover: fungible
resources and unavailability of detailed knowledge.
In particular, Sullivan follows the discursive traces of a historical evolution in which what he calls landscapes of "stewardship" or "custom" (in which land is understood as manifesting social relations and moral obligations) were finally transformed into landscapes of "absolute property" (in which land is understood as a fungible
economic object, and an object of economic development and profit).