In this intervention of 2017 at the European Economic Association I addressed the issue of inequality and macroeconomic theory and policy. The neglect of this perspective has began to be corrected, particularly in the context HANK models. I also wrote about empirical evidence about in«equality and monetary policy after the crisis. When all effects of policy are considered developments in Europe have different in Europe in comparison with the US. Inequality is now recognised as a major problem in advanced economies, being a factor in secular stagnation. Little is being done in terms of policy to correct the situation. I ended with this quote from Kenneth Arrow: “The world is indeed full of injustices and the writings of economists full of attempts to disguise them”. Unfortunately, this has continued to hold true for a long time but, hopefully, much has started to change over the last few years in the aftermath of the crisis.