Richard Posner is a federal court judge who also writes on economic topics. A newspaper reporter…

Richard Posner is a federal court judge who also writes on economic topics. A newspaper reporter summarized Posner’s views on the effect of online bookstores and e-books on the demand for books: Posner’s [argument] is that the disappearance of bookstores is to be celebrated and not mourned, partly because e-books and online stores will reduce the cost of books and thus drive up demand for them.
Do you agree with Posner’s statement, as given by the reporter? Briefly explain.