Much of this seems tied to the merging of natural human greed and the high time preference mentality that has been imbued into all necessary apects of life (societal culture, flawed Keynesian economic beliefs, the spread of misinformation etc.) by governing powers. I would like to argue that hard money actually does promote individuals to be more frugal in their spending by prioritizing high-quality goods and services over abundance. With hard money, the purchasing power of a single unit increases which, to a smart spender, would likely make them not want to spend irresponsibly, no?