Editor’s note: In this morning’s Daily we shared one of Tom’s favorite books. It’s called Crisis Investing for the Rest of the ’90s, by Doug Casey. And it was trading on Amazon for $0.01. Early actors snatched up copies for a penny.

With over 100,000 free and paid subscribers, Palm Beach Daily readers quickly extinguished existing supplies of the 22-year-old book. Since then, sellers have readjusted their prices to meet current demand. Some sellers now list the book for well over $50.

If you browse other titles by Douglas Casey, you will see some listed for $0.01 as well. That’s a common price for old books in low demand. But our readers spiked demand this morning. The market reacted as it naturally would: by increasing prices.

It’s a fascinating example of market forces at work… if it weren’t so frustrating for our subscribers. For any inconvenience this has caused you, we apologize.

Yours truly,

J. Reeves

P.S. The cure for high prices is high prices. Once this spike subsides, do not be surprised to see prices back down over time.