High inflation lets people know what is going on. If inflation is at 2% and savings gives you 1.5%, many people will think that they are getting ahead by 1.5% when in reality they are falling behind by .5%.
There is a good scene in Shenandoah that is vaguely relevant in an economic libertarian sense.
I can’t find it on you tube, but here is another good Libertarian scene.
https://www.youtube.com/watch?v=Q0ltarHohrk
That government governs best that governs least—but also governs honestly. ANdrew Jackson knew his stuff when taking down the Bank of the United States and he rid the country of the national debt—no debt at all in the last full year of his term, very little the year before and not much the year after.
A pox on Van Buren.
But who would only save and invest with savings accounts? That would be a very poor decision.