Without inflation, people can save towards buying a home or starting a business. Because sound money retains it's value. Sound money means hope. So many people are caught on the fiat hamster wheel with no hope whatsoever of owning a home due to inflation eating away at their savings and pay increases not keeping up with inflation. The psychological and demoralizing impact weighs heavily. Then when some autocrat comes around and tells people that immigrants (or insert some demographic) are stealing jobs and illegally consuming social services depriving you of what's yours, the mind swerves in that direction because it fits the circumstances of their suffering. "So THAT's why I can never get ahead! Immigrants are to blame." The fact is, the root cause of economic immigration has the same underlying issue. No hope of saving for a better future. The truth is less tangible and more difficult to fully understand...

Sound money changes everything.