The other night on Facebook, I made this prediction:
Random Thought: We're close to the top of a bubble; before the end of the year, the price of ammo will collapse.The reason I believe this is because the market for guns and ammunition is an example of what economists call 'perfect competition.' The product is (relatively) homogenous and barriers to entry are (relatively) modest. Given this backdrop, with rising demand causing shortages, Economics 101 suggests that new sellers will enter the market.
Obviously, that equation doesn't account for interference in the market by the federal government. While I understand those concerns, I just don't think the Federal government is competent enough to pull it off. I have a funny feeling the number of small scale entrepreneurs who will enter the market in the next 12 to 18 months will overwhelm Washington's ability to stop it.
Cahnman's Musings would like to solicit reader feedback. Who, in your opinion, is the most innovative ammunition manufacturer currently operating in the state of Texas?!? Why?!? What have they done in the past 6 to 12 months that makes you confident they can consistently outwit Washington. Cahnman's Musings would like to help publicize their business.