I think that's unfair! It makes sense on first glance, right? People can't steal your password if it changes all the time.
I personally find it unintuitive to think that people would give up on the "memorization" part if it became "too hard". It's true, and we know this from study, but to say it's "dumb" is unfair.
The only password I need to write on a paper near my computer is of a client that require periodic change over his Vpnssl every 1 month. When connecting to it I must type it 3 different time in a context where password manager don't work.
After a year of trying to keep track of the changes via a secured method (and at least 12 call to their IT so they reset the password without any identity check on their part) I finally resigned and write it down on paper and write the new one every time they ask me to change.
Bonus fun fact : Theses idiots also truncated password at 8 characters but truncated in different manners on the 3 login steps required so it's only after 4-5 failed attempts at a secured corectbatterystapplehorse that I understood that weak password was mandatory by their rules...
PS: And of cour rotation between Passwd1 passwd2 passwd3 passwd4 (then back to 1) was perfectly accepted and considered as safe
I ended up memorizing my home's old WEP key simply because, since I was the "tech guy" in the family, everyone would ask me whenever they needed to add a device (never mind that I was mostly just going to the password booklet and reading it out). Eventually I just stopped needing to look it up. I've since used it in some places, blended with a mnemonic for the specific site. 10 hex characters plus a string might not be the highest-security thing, but at least it's not going to fall to anything less than brute-force.
I personally find it unintuitive to think that people would give up on the "memorization" part if it became "too hard". It's true, and we know this from study, but to say it's "dumb" is unfair.