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Stephen Zarlenga cofounded the American Monetary Institute in 1996. He is the author of the groundbreaking book the Lost Science of Money in which he calls into question and challenges the basis, and Achillesâ?? heel, of American capitalism: the private control and resulting misdirection of the nationâ??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 nationâ??s money system. Zarlenga also authored the Refutation of Mengerâ??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. Zarlenga stresses that the recent financial crisis presents a rare opportunity, which must be used to achieve meaningful reform, and not be dissipated on diversions.
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