According to GalleyCat, Amazon is considering adopting a Netflix-like model that would allow customers to rent eBooks for a subscription fee. Publishers, of course, aren't exactly leaping on board. Some worry that this would "downgrade the value of the book business." Others feel renting eBooks from the cloud would give the impression that books have little inherent worth.

What do you think? Libraries already have built-in expiration dates to their eBooks, making them vanish from your e-reader after three weeks. Amazon could engineer their rental books the same way. If the ability to rent books for a fee brings down their value, what have libraries been doing all these years where patrons can read for free?

And then of course there's Netflix. Somehow the movie industry has survived with streaming, on-demand movie services offering hundreds of movies for one monthly fee. Has this cheapened movies as a whole, or has it made all movies (independent and major studio releases alike) more accessible to everyone?

Of course Amazon would have to fairly pay publishers and authors for the eBooks to be rented (which is what publishers are really worried about when they talk about "value"). And the royalty will likely be less per book for rentals, but presumably the difference will be made up with an increased volume of readers. From the author's perspective, if more people are reading your books, doesn't that raise the value of everything you write?

That's my opinion. I'd love to hear yours.