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The value of a book is not the cost of the paper, never has been. It's like when folks complain about the cost of photography saying "I could get a print at WalMart for $1.99". You aren't paying for the paper, you are paying for the art.
You can calculate the cost of paper vs. digital until you are blue in the face -- and you'll STILL not change the fact that the cost to make the book has very little to do with the price of the book.
Most all of the folks who post here have never been first run, hard back, book buyers. So just continue on using your library, buying books at yard sales, and borrowing your friends books. Pick up the occasional paper back as, gasp, they aren't $5 any more either.
Publishers don't care about you and your expectations about the price of a book now -- nor did they ever. You have never supported the art of writing before, and you aren't going to now.
Lee
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