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Stephen Zarlenga
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In 1996, Stephen Zarlenga cofounded the American Monetary Institute (AMI), which promotes the independent study of monetary history, theory, and reform and has been its director since then. He is the author of the groundbreaking book the Lost Science of Money subtitled The Mythology of Money – The Story of Power in which he calls into question and challenges the basis, and Achilles’ heel, of American Capitalism: the private control and resulting misdirection of the nation’s monetary system. This book started the modern movement for monetary reform in America. Based on this research, the American Monetary Act was developed to reform our nation’s money system. In this process the Institute sponsored six annual monetary reform conferences in Chicago (the seventh scheduled from September 29th to October 2nd 2011).

Zarlenga also authored the Refutation of Menger’s Theory of the Origin of Money, dispelling misconceptions on the nature of money embraced by the Austrian School of Economics, which Carl Menger founded.
In 1976 Zarlenga served as a trustee and executive committee member of the American Institute for Economic Research (AIER) of Great Barrington, Massachusetts, helping get it through a difficult period in its history. More biography details are at the Lost Science of Money section of our homepage, www.monetary.org. Zarlenga stresses that the crises presents a rare opportunity, which must be used to achieve meaningful reform, and not be dissipated on diversions.

Entries by Stephen Zarlenga

Obama and Holder's Weak Call for Justice

(0) Comments | Posted August 26, 2014 | 7:53 AM

This post was co-authored by Nick Egnatz of the American Monetary Institute.

The claims of President Obama and Attorney General Holder that they seek justice in the death of unarmed teenager Michael Brown by a police officer in Ferguson, Missouri, have a hollow ring. They would be almost laughable, if...

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Sequesters, Shutdowns and Defaults

(50) Comments | Posted October 11, 2013 | 1:53 PM

Never in 225 years has the full faith and credit of the United States been held to ransom. But also never in 225 years has a solution been ready that can resolve this problem: the monetary reform bill HR2990 introduced into the 112th Congress by Dennis Kucinich.

For the 95th...

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What Would a Trillion-dollar Coin Mean?

(12) Comments | Posted January 23, 2013 | 4:09 PM

The idea that the government should issue a trillion-dollar platinum coin arose during debates to avoid raising the debt limit in 2011. The "debt" limit has been a congressional charade for decades. Congress set a debt ceiling and has raised it again and again. However, the United States economy relies...

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Completing Our Fourth of July Declaration

(0) Comments | Posted July 13, 2012 | 5:33 PM

Another 4th of July has passed, and we celebrated our Declaration of Independence from the tyranny of a mad Brit king. Let's proudly remember the victory a small group of dedicated, courageous men and women achieved against the world's most powerful military of their time.

It was a victory that...

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'Front Running' Against Humanity in the Oil Markets

(13) Comments | Posted August 26, 2011 | 6:24 PM

"Front running" is an insiders' term for an often illegal, always immoral practice in commodity and other markets. Here's what happens:

A broker holding a client's order to buy at a certain price instead buys for himself just in "front" of it. The client's order isn't filled, and the broker...

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Congressman Dennis Kucinich's Briefing to Solve the Debt Crisis

(14) Comments | Posted August 11, 2011 | 12:00 PM

(The video and transcript of the briefing will be added here as they become available)

On Tuesday, July 26th, a day Washington DC was consumed by turmoil and posturing over "solving" a phony budget and debt crisis; in one place in the Capitol there was common sense...

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Greening the Dollar

(11) Comments | Posted July 13, 2011 | 5:49 PM

Real progress on monetary reform is being made. Don't swallow the widespread negativism spread, out of error or by design, which tries to convince people that there's no use in fighting for justice.

That strategy was taught by the Taoist philosopher Sun Tzu in The Art of War. He advised...

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Part III: How the Economists Facilitated the Crisis and Must Now Be Held Accountable

(11) Comments | Posted June 27, 2011 | 4:02 PM

This article is part three of three, of Mr. Zarlenga's address at the Eastern Economic Association Annual Meeting in NYC on February 26th, 2011. Listen to it here.

Part one stressed that those in control of the world's monetary/economic agenda and the theories supporting...

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Part II: How the Economists Facilitated the Crisis and Must Now Be Held Accountable

(16) Comments | Posted June 15, 2011 | 10:46 AM

This article is part II of III, of Mr. Zarlenga's address at the Eastern Economic Association Annual Meeting in NYC on February 26th, 2011. Listen to it here.

Part I stressed that those in control of the world's monetary/economic agenda and the theories supporting...

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How the Economists Facilitated the Crisis and Must Now Be Held Accountable

(13) Comments | Posted June 7, 2011 | 2:32 PM

This article is part I of III, of Mr. Zarlenga's address at the Eastern Economic Association Annual Meeting in NYC on February 26th, 2011. Listen to it here.

The ongoing financial crisis presents a rare opportunity for monetary and banking reform. There's no denying that the...

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Reducing U.S. Debt and Creating Jobs Through Public Control of Our Money System

(55) Comments | Posted May 3, 2011 | 7:19 PM

Coauthored by Greg Coleridge

For all the boisterous talk and debate by Congressional leaders of both parties and the President about the many ways to reduce our nation's deficit and debt while maintaining vital services and programs, there continues to be a roaring silence about a solution that has nothing...

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