B
Benjamin Keen
American historian
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Jul 16, 2026
The K-Shaped Economy Revolution
7:24
7:31
7:44
7:55
8:14
19:19

Tom WheelwrightHOST
So what are you seeing as far as what's driving consumer behavior right now from this economy?

Benjamin KeenGUEST
Well, I think when you're talking about on the lower-end consumer, uh, energy prices have been a big hit, right? This is w- with the spike that we had in energy prices, now we're starting to see WTI come down.

Benjamin KeenGUEST
Um, this morning as we're, we're taping this, it was trading just below 70, so we're start- you know, we will see gasoline come down.

Benjamin KeenGUEST
There was some benefit that, that hit earlier in the spring from the, uh, the, the, the tax cuts on overtime, um, and, and in those additional tax cuts that were geared toward the, uh, the m- middle and lower middle class.

Benjamin KeenGUEST
And but they're, you know, that part of the economy's been, been suffering because they rely more on things that, such as energy, that's a bigger portion of their budget, and that went up higher.
11 MINS LATER

Tom WheelwrightHOST
Where do you see that being a danger here where these tax the rich, it's, uh, the, the, the threshold s- keeps coming down because it doesn't seem like there's ever been a dollar that a politician didn't find a way to spend.