> This might be true if you have everything in cash in a safe at your house and plan on taking out fixed amounts for the rest of your life, I guess, but who are those people?

It seems an astonishingly large number of people, including on here, talk as if that were the case despite their actual living and retirement finances. People really hate inflation.

Something about the lizard brain wants the exchange rate between shiny object and edible object to be fixed and gets extremely upset if it changes.

(Or, as is becoming increasingly relevant, the exchange rate between shiny object and flammable fluids)