Pavlina Tcherneva tweeted a graph last month showing how the macroeconomic policy has increasingly left behind 90% of Americans. @ptcherneva:
I’d like to see the data that generated this graph because it has gotten a lot of attention and I’d like to understand it better. It looks pretty ominous. Obviously, it doesn’t show who suffers more during recessions, so it is incomplete, but if it is true, it does show how the monetary policy response to recessions is increasingly failing most Americans. We should try new methods to do better monetary policy.