Author: Jay L. Zagorsky, Associate Professor of Business, Boston University

Should paper checks be abolished like the penny?

Jay L. Zagorsky, Associate Professor of Business, Boston UniversityLeave a Comment on Should paper checks be abolished like the penny?

Germany is getting rid of paper checks at the end of 2027. Australia is bidding them farewell by 2030. U.S. President Donald Trump followed up his order killing off the penny with an executive order stopping check writing by the federal government. Should the U.S. follow these other countries and broadly eliminate the ability to […]

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What are Trump Accounts for? They are more likely to help newborns start building nest eggs than help pay for their college education

Jay L. Zagorsky, Associate Professor of Business, Boston UniversityLeave a Comment on What are Trump Accounts for? They are more likely to help newborns start building nest eggs than help pay for their college education

If you or someone you know has a baby or a child under 18, you’re likely wondering if they should get a “Trump Account.” The U.S. government started giving babies born during President Donald Trump’s second term a US$1,000 gift on July 4, 2026. This money goes into the accounts, which are named after the […]

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