Monopolies only exist via the state/coercion.
Monopolies arent bad beacause "theyre private companies" they are bad because they have the strong arm of the government using force on their behalf to forbid competition and/or compel customers.
People saying that the fed is private are emphasizing this as if it needs to be made MORE pubhlic with MORE government involvement. This sort of arguing will end up with people supporting gereenbackers/Bill Still/Moneymasters type schemes that have the potential to be even worse than the current situation.
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