That’s a ridiculous statement if you consider the fed a part of the government. I.e. the fire department and police both have “government enforced monopolies”. The government itself is a “government enforced monopoly”
“The alternative would be a repeal of laws establishing police, allowing consumers & businesses to choose between law enforcement providers.”
Look I’m not saying you can’t criticize the existence of the fed, but calling them a “government enforced monopoly” is inane. They are a _part_ of the government.
If using a given telephone company were mandated by the government, it would be by definition a government enforced monopoly. Similarly, legal tender laws force businesses to accept USD to settle all debts. From this point, Gresham's law also plays a role.
There is a long history of private policing in the United States.
The Federal Reserve Bank is not owned by the government. It is considered a public private partnership.