A case for changing economic measures and a battle of stock exchanges
Economist David Beckworth discusses his case for measuring the economy with nominal GDP targetting as well as a recent op-ed in which he blames the Federal Reserve for the severity of the 2008 recession. Then, FT equities correspondent Nicole Bullock breaks down the war between the IEX trading venue made popular in Michael Lewis's Flashboys, and the incumbents, NYSE and Nasdaq. Plus, a look inside the corporate jet scene at top US companies, as well as long form reading and listening recommendations. Visit FT.com/alphachat for show notes and links.
Alphachat is the conversational podcast about business and economics produced by the Financial Times in New York. Each week, FT hosts and guests delve into a new theme, with more wonkiness, humour and irreverence than you'll find anywhere else