A month ago I bought a new M-1 Carbine.
Had I known how hard it would be to procure ammunition for the gun, I might have chosen another rifle. Finding ammo for this piece has been, to this point, impossible. I've heard/read all sorts of reasons for the shortage, but this one sounds most plausible:
Many small police agencies are beginning to experience what the large city forces have experienced for years... outlaws or gangs armed with weaponry that make a .357 Revolver seem like pretty small potatoes. These Police forces are buying rifles like the M-1 to carry in their patrol cars. They need ammunition for those weapons, to include practicing with them. The .30 caliber carbine ammunition is made for only one gun: the M-1 carbine or its clones.
(Sound reasonable, CJ?)
For all intents, with no ammunition for the rifle it might as well be a baseball bat 'cause the only way I could hurt someone with it would be to use it as a club. Heck, the ball bat would actually be a far better weapon!
But today my friend the gun dealer smiled as I walked through his door. He had lied to several people when they asked if he had any .30 carbine ammunition, and secreted three boxes of 50 rounds each for me. Today I bought the ammo and two 30-round magazines, and left the store a happy (but less wealthy) camper.
I can now use my neat little rifle for something other than a doorstop. Let's commence with the shooty fun!