When the people in Bastille Square heard about the establishment of a currency regulation department, which involved banks and the Chamber of Commerce, their concerns were greatly alleviated, and they began to nod and discuss among themselves.
In fact, Joseph had absolute control over this supervisory meeting—there was no need to mention the Royal Family and financial officials, who would express their views as he requested. He was also the largest shareholder of the Bank of France Reserve. Even the French Chamber of Commerce was currently controlled by the Capitalist Nobility, still looking to him for direction.
Thus, the monetary policy was essentially whatever he said it would be. This wasn't about creating a monopoly—in fact, his financial concepts were more than 200 years ahead of the rest of the world, and it was better for him to establish them firmly rather than letting contemporary economists make random attempts.
