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The thing that is astonishing to me is why hasn't production caught up with demand yet?
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Probably because the ammo makers are reluctant to invest millions in additional production capacity only to have the bubble break and then they are stuck with millions of dollars of unpaid for and unliquifiable production machinery that's sitting idle.
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Hanlon's Razor
"Do not invoke conspiracy as explanation when ignorance and incompetence will suffice, as conspiracy implies intelligence and organization."
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