I enjoyed this podcast, but they seemed to imply that this economist invented the idea. A currency tied an inflation-sensitive basket of goods is an example of

I enjoyed this podcast, but they seemed to imply that this economist invented the idea. A currency tied an inflation-sensitive basket of goods is an example of a "unit of account"[0], see for example the UF[1], which Chile has used since 1967. Things like houses, medical insurance, and even some SaaS products are priced in UF. [0] https://en.wikipedia.org/wiki/Unit_of_account https://en.wikipedia.org/wiki/Unit_of_account [1] https://en.wikipedia.org/wiki/Unidad_de_Fomento https://en.wikipedia.org/wiki/Unidad_de_Fomento