An excellent discussion of how and why ABCT works. Note that the speaker, David Howden, says the middle stages of production (like building infrastructure and maintaining stores) are declining now. Excellent!
AUDIO http://fetch.noxsolutions.com/tomwoods/audio/woods_03_17_2014_2.mp3 Just copy and past into your browser. Thirty minute audio.
David Howden, economist, articles: http://ideas.repec.org/f/pho322.html and http://mises.org/daily/author/1259/
Global Meltdown? http://www.caseyresearch.com/lg/meltdown-video Thoughts?