But I think the point can be made in language that directly reflects actual monetary institutions, even if it is not belaboring the point about what those institutions are.
That is, no, a diary cannot be written that is simultaneously about both this topic and the actual rules that govern modern monetary institutions ... because a diary can only coherently be about so much at one time ... but it can be written in the simple shorthands of the chartalist Banker's school rather than the simple shorthands of the quantity theory Treasury school. Utsukushikereba sore de ii
