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Only if...? If someone checks out a book from the library, who would have purchased it, that's a loss for the publisher.
Consider that Amazon was able to sell $400 Kindles on the basis of $9.99 brand new, just released, NYT Best Sellers. All the best Sellers, all the time.
Now everyone has a smart phone and a huge amount of people have a eink reader or tablet...and can check out a book from the library for free in seconds..
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