Show the balance sheet in a non-inflationary unit

[LeoMa93]

Today's solution; I can select all currencies to measure my portfolio/balance sheet.

Problem: Economically all currencies are inflationary over time. And therefore all asset prices inflate. But do I get richer, or does the currencies get weaker? I would like to be able to measure my wealth with the best measurement we as a humanity have and therefore the unit for the measurement needs to be as static as possible. In today's world we also use meter, second, kilogram as a measurement system for length, time and weight, because we connected them to natural constants.

Solution: When it comes to measuring wealth, I would like to do it in Gold and/or Bitcoin, because they are the commodities with the lowest inflation rate. Gold has been money for hundreds of years and Bitcoin will have a constant supply of 21 million. Therefore I would like to add them, when it comes to measuring the balance sheet.

To-Dos: Add Gold and Bitcoin to the available currencies.

[Morpheus1w3]

And you're assuming when converting any amount from a fiat currency into gold which is even traded at a stock exchange, the inflation disappeared?

[LeoMa93]

Based on monetary history the money supply needs to be scarce so that the money keeps it's value over time. Central banks and their so called "fiat money" are a very new phenomena in human history, but we already have dozens of evidence, that the trust which is needed for their currency to work properly, has been broken again and again. Also today, we can see high inflation rates in Turkey, Venezuela, Argentina, Bolivia, Sri Lanka, Nigeria, etc.

There are several reasons for inflation. One reason can be the monetary policy by increasing the money supply. Other reasons can be lower production or higher demand of goods and services. For an economy it is very important to have good price signals, because based on them the production of goods and services are planned.

For me as an individual, an entrepreneur or an investor, it is very valuable, if the price signal is not interfered by an increasing money supply, because with this there come insecurities and distortions.

Converting your unit of account does therefore not let inflation disappear, but the parameter of the money supply goes away, which has a very big influence in today's world.

I would like to choose a unit of account so that I can see the world from a deflationary perspective, as it should be through productivity growth, innovations and entrepreneurial success.

Btw, it's funny that you call yourself Morpheus, because changing your unit of account is like taking the red pill.