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Steve, I'm not arguing the the e-book is not a distinct valued item. I'm asking how is it different than an audio cassette tape (or MP3-on-CD) made from a CD I own? That tape is a distinct valued item also. But I'm entitled to make it.
I think you are confounding the issue of ease-of-duplication with fair use. Just because something is easy to duplicate perfectly does not mean I cannot make fair use. In my world the author still gets paid for one sale.
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