What causes an economic recession? - Richard Coffin

Middle East Airlines (MEA) operates like a legalized monopoly that amounts to institutionalized theft, and its impact on Lebanon’s economy is undeniably negative. The basic economics are simple: cheaper airline tickets attract more visitors, which means more spending and a boost to the local economy. Instead, MEA uses its monopoly power to block competition and keeps prices artificially high, refusing to offer affordable travel options. This isn’t just bad business—it’s economic sabotage, and it