This. Recycling is important, and the net value must be properly calculated (how much you spend producing paper, recycled paper, and which one ends consuming more CO2, for a specific area, since the impact isn't the same everywhere).

But sometimes producing new paper must be beneficial.

There was interesting segment on NPR discussing paper recycling. Most of our paper comes from tree farms and because of the lack of demand of paper these tree farms are converting to farming other crops which are lot less environmentally and wildlife friendly.

This is interesting, to someone not well informed in this, how do landfills sequester carbon?

Burying paper or other organic items. In a sense your recreating the fossil fuel cycle.