Student loans and the welfare state would be attempts to ape that boom. But without the chocolate of pent up demand and the peanut butter of low inflation and rising wages, it didn’t happen. We got Vietnam, the Oil Crisis, Stagflation and the decline of America’s military.
The 1950’s weren’t perfect, but they were far from the “hellhole” Hollywood wants you to believe. It was the boom of the 50’s that provided the money for the mooching hippies, beatniks and the liberals that followed.
I think it’s time we cut off their line of “credit” don’t you?