Economic Crisis Good for Books?

As reported in the Washington Post, Fran Dubruille, director of the European Booksellers' Federation, thinks the current economic crisis could be a boon for the book industry:

In these troubled times, the book is something which is a kind of landmark, which is solid reference and value, which is never, ever, ever going to be obsolete. ... The book is a cheap gift. The book is always affordable. ... Actually, maybe the crisis is a chance for booksellers to reassert their role in the community as providers of pleasure, of knowledge, for a very, very cheap price.