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Currency is used to measure and exchange value. Monetary policy relates to value creation in 2 main ways: First, the lack of stable currency makes value creation harder: costs/revenue are measured with a changing ruler, cost of capital unclear, hard to make fixed-price contractshttps://twitter.com/FatiAmans/status/1035604389535338501 …
Second, monetary policy implies someone is minting or burning tokens. Minting tokens transfers value from holders to the minter. If used well, this may provide benefits (say, funding crypto devs), or costs (central bank asset price manipulation).
Like any technology, currency has tradeoffs. The best measure might hold a constant price w.r.t. some value bundle, but that's hard b/c population growth increases demand (deflation), productivity decreases actual cost of any given value bundle, etc.
And in order to maintain that constant price, you have to let someone mint, a profitable right which historically has been seized by central authorities, and then overused, debasing currencies (while claiming to be doing public good).
A fixed money supply sacrifices some price stability (the expected result is deflation) as well as the extremely dubious economic stabilization ability claimed by central bankers, in order to ensure no one is stealing value through minting.
In an age characterized by decreasing trust in our decaying institutions (the Paper Belt is rotting), it is natural to want to return to hard money. Why sacrifice value to the minters if you don't trust them to actually use it for good? Have they been doing so?
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