Economist Mancur Olson once observed, “Where small groups with common interests are concerned, then, there is a systematic tendency for ‘exploitation’ of the great by the small!” Olson’s observation was originally applied to the provision of public goods. But his…
Next week, the House of Representatives is expected to vote on a bill to increase Social Security benefits for the small percentage of workers who receive pensions from jobs not covered by Social Security. This legislation, which is projected to…