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A comment on The U.S. government’s failed 1890s attempt to forge unity through currency. Parent comment

Re:The U.S. government’s failed 1890s attempt to forge unity... by iso1210 on Saturday June 12, 2021 @07:17AM (#27483644)
Because the cost of living is set by what other people spend. If I earn $3k a month and my neighbor earns $3k a month, and I want to save $300, I only have $2700 to spend. My neighbor can offer more for limited resources (housing), and thus I can only save if I don't have to pay for that housing.
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