First was the greatness of 1960s growth, the sine qua non of postwar prosperity.

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In the popular mind, the locus classicus of postwar prosperity is the decade of the 1950s.

FORBES: Trashing JFK's Tax Cuts, One of the Greatest Policy Successes of All Time

When other countries decided to fix to the dollar under this regime after 1945, we got the fabled era of global postwar prosperity.

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Or do they want to maintain the level of taxes consistent with the postwar prosperity enjoyed by the American people for the last two thirds of a century, since the Great Depression.

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The second postwar dollar order, which has spawned so much prosperity, appears to be at a close on the Fed's historic mistake.

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It is that ethos that laid the foundation for the broad-based prosperity of the American middle class in the postwar years, and without its revival, no amount of government intervention can fully mitigate the widening inequality that the slowdown in innovation has helped create.

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