Extra: The Cost Of America Going Cashless

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 10 May 2025

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

There’s a big push to go cashless. More and more companies are embracing and, in some cases, only permitting digital payments. And in March, President Trump signed an executive order. mandating a transition to electronic payments to and from the federal government, including tax refunds and federal benefits. While there will be exceptions, the goal is for the federal government to begin to phase out paper checks. But there are some leery about this movement. Jay Zagorsky, a professor at Boston University's Questrom School of Business, and the author of 'The Power of Cash: Why Using Paper Money Is Good for You and Society,' thinks credit cards should not be king, and there’s value to keeping cash around Zagorsky recently spoke with Fox News Rundown host Lisa Brady and explained why all Americans should be concerned about the country going cashless, how moving away from paper currency hurts businesses, and what Americans can do to counter this trend. We often must cut interviews short during the week, but we thought you might like to hear the full interview. Today on Fox News Rundown Extra, we will share our entire interview with Professor Zagorsky, allowing you to hear more about the growing cashless movement and why he’s worried about it. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:01.3	This is the Fox News Rundown Extra.
1:06.8	I'm Jessica Rosenthal.
1:08.6	There's a big push to go cashless.
1:10.6	More and more companies are embracing and in some cases only permitting digital payments.
1:14.6	And in March, President Trump signed an executive order, mandating a transition to electronic payments to and from the federal government, including tax refunds and federal benefits.
1:23.6	While there will be exceptions, the goal is for the federal government to begin to phase out paper checks.
1:29.3	There are some who are leery, however, about this movement.
1:32.3	Jay Zagorski, a professor at Boston University's Questrum School of Business, and the author of
1:36.7	The Power of Cash, while using paper money is good for you and society, think credit cards
	...

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