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The great thing is that most physical libraries will soon become obsolete as information moves to the net! The majority of the over 100,000 libraries, most subsidized with taxes, can be downsized. Over 3 million square feet of library space is built each year...which can be reduced.
Public libraries are important for a similar reason as to why public education is important. There is an economic theory that says income growth is a function of the knowledge base and the number of people working toward innovation. Even free market economists agree that there are significant positive economic externalities to libraries.
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