Over the last year, ammunition prices have shot through the roof. The price of 9mm and other small caliber handgun rounds have increased by as much as 62 percent. There are plenty of theories explaining this “sudden” price escalation, from economics to politics to political economics. The Mystery of The Really Expensive Ammo is worth solving; a gun without ammo is nothing more than a very expensive blunt instrument for hand-held assault. So here’s a rundown of the most popular—if not logical or accurate—explanations for the high price of ammunition . . .