And the special needs community of reddit loves to pretend they have functional IQs.

Nearly all name brand ammo everywhere is out of stock or prices extremely high, with the exception of places like Scheels who have more leverage and presumably better contracts with ammo suppliers. Scheels has been the best source of ammo for about two months now. Small/medium ammo retailers are running off of old existing stock and are not getting any of their new orders fulfilled. This has been confirmed by multiple popular online retailers here, as well as a person I personally know in the industry. Nobody is rolling in money while moving almost no volume. They are increasing prices to reflect the drop in supply, and to attempt to keep the lights on until more supply is available.

The reality is that all of the manufacturing supply is being bought up by militaries. The supply largely doesn't exist for consumers at the moment. Big players like Scheels are somehow able to acquire new inventory. Will that be the case tomorrow? In a month? In 3 months? Nobody here knows.

Fools who don't buy when it's cheap buy when it's expensive

Define expensive, it's a moving target. If you went by this sub's definition of expensive, you would have never bought any ammo over the past year. I stocked up in December/January when everyone in this sub was screaming bloody murder over "expensive" prices. All of those prices would be considered insanely cheap in the current market.