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nzsvz9 (< 20)

How Many Silly Bandz Are Enough?

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June 22, 2010 – Comments (10) | RELATED TICKERS: SIL , BND

Here is a question for all the Progressives out there: In the role of central planner, and as chief philanthropist with other people's money, just how many silly bandz would your planned economy produce in 2010? Please provide a number and a rationale. And if there's any Austrian Economists out there, then please provide a numberr and rationale - and please be polite! I will post my answer in a day or tow, but I'm sure a few of you already know my answer ...

Known as question asking peasant nzsvz9

10 Comments – Post Your Own

#1) On June 22, 2010 at 3:13 PM, ChrisGraley (30.25) wrote:

Badges?

We don't need no stinkin badges!

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#2) On June 22, 2010 at 3:42 PM, brickcityman (< 20) wrote:

How you draw a line between so called "Progressives" and central planning is beyond me...  

 

Some might call me "progressive" for my views on social and other policies, but these tendencies do not also lead to a desire to plan the economy...  The fact that many proponents of central planning exhibit so called "progressive" tendencies does not show causation, at least not in my opinion.  But this doesn't really address your question.

 

Nevertheless, I could give a crap about how many Silly Bandz are produced...  But on the flipside my daughter would willingly try to accumulate all that are produced, so my vote is for NONE.

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#3) On June 22, 2010 at 3:50 PM, rd80 (98.66) wrote:

On August 9, 2017 silly banz will become a global form of currency replacing the dollar, euro, yen, yuan, kroner, etc.  

However, after exactly eleventy-seven trillion, 154 billion, 63 million, 784 thousand and 837 silly banz have been produced, the solar system will collapse due to the consumption of natural resources on Earth, Mars and Jupiter required to support silly banz production.

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#4) On June 22, 2010 at 4:17 PM, chk999 (99.98) wrote:

Who owns Silly Banz and are they public?

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#5) On June 22, 2010 at 4:29 PM, SultanOfSwing (99.10) wrote:

Here's your answer chk999:

BCP IMPORTS, LLC LIMITED LIABILITY COMPANY OHIO 148 MAIN STREET TOLEDO OHIO 43605

I don't believe they're public.  Where they import them from, I would guess China.

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#6) On June 22, 2010 at 4:44 PM, binve (< 20) wrote:

mmmm.....Silly Bandz

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#7) On June 22, 2010 at 5:24 PM, leohaas (35.73) wrote:

How many Progressives are in favor of a planned economy?

OK, here is a stab at answering your question. Silly Bandz serve no purpose. Therefore, a planned economy would not produce any.

PS.  You cannot argue with my logic. You made me the central planner. That means, whatever I say will happen!

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#8) On June 22, 2010 at 7:36 PM, TMFCrocoStimpy (95.48) wrote:

I'm not really sure what the connection is between Progressives and a planned economy is either, but I'll place my central planner hat on and answer the question as well:

I will produce 10 silly bandz, and the central planner shall hold on to 5 of them  The rarity of these items will make them highly valuable, far more so than the cost of its production.  A small number are required so that a trade can develop around their ownership - production of a only 1 silly bandz would make it unique and thus impossible to value, but a small stock of tradable items will make them all highly valuable, thus they will increase the wealth of the economy by its very existence and desirability, though it has no particular use.  Having the central planner hold onto half of the produced silly bandz allows the asset value of the economy to increase by the small trade in the remaining silly bandz without them having to have intrinsic value.

This is much the way the art and precious stone industries operate.

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#9) On June 23, 2010 at 1:40 AM, whereaminow (42.76) wrote:

Hi nzsvz9,

Interestimg question.  However, Austrian economists can not answer your question.  Due to their understanding of the limitations of central planning, they would allow the market participants to produce as many or as few as they would like, while also allowing participants to purchase as few or as many as they would like. 

Furthermore, if I may, the Austrian School would advocate for no intervention of any kind in the Silly Bandz market.  Should consumers desire that SillyBandz be certified for safety or environmental friendliness, it is up to SillyBandz producers to coordinate with other market participants to fulfill this need. (See Underwriters Laboratories and similar firms,) 

Should SillyBandz pose a provable threat to the health and safety of its consumers, there are already laws in existence to prosecute fraud and negligence.  Strengthening or revising these laws should be done with an eye towards their impact on property ownership and free exchange in respect to the supreme law of the territory (presently, the U.S. Constitution), and not as a reactionary power/vote grab.

David in Qatar

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#10) On June 23, 2010 at 11:04 AM, nzsvz9 (< 20) wrote:

Thanks everyone for your answers. As "Questioner in chief" I will now rate your answers, and beware, the ratings and grades are worthless.

ChrisGraley: B+ for creativity. It is true that the economy does not NEED silly bandz. And, Vote for Pedro.

brickcityman: B+ only because you answered truthfully - which means as a "Progressive Planner" the needs of the market are at the whim of the central planner - and your plan for none is your personal preference, which is a common outcome of all planning.

rd80: B++ Ha! I did not know that silly bandz were analagous to the "self replicting machine" (a.k.a. the Monolith) from 2010. Very cute. I wonder if silly bandz could (through gravitation) actually begin a fusion reaction - I assume so.

chk999: Withdraw Failing. You did not provide an answer - although SultanOfSwing provided an answer to your question, for which he gets a Withdraw Passing.

binve: No grade. Although I assume Homer would wear Silly Bandz around his neck and start to choke. He'll need a lawyer.

leohaas: A-. Much like brickcityman you too provide an honest answer. And you back it up with the power of your position. Very good.

TMFCrocoStimpy: A. Not only have you launched into central planning - you gave an actual number, so you get an A. And, as is evident in planned economies, the power of the position of control of production has yielded you a unique opportunity to personally benefit from your position through corruption. Thanks!

whereaminow: A+. Everyone can just re-read it.

And now my answer.

Silly Bandz, like any product in the market should not be planned. No planner has the insight, forsight, or ability to be above the power of the position to do this right - and this is for only one small, and nicely named, silly product.

For those that argued for none to be produced, you neglect to consider that the silly bandz do have a purpose - and that is in the value they hold for the consumers. Kids love these things, enough to get them banned at schools around the country. And that is reason enough - since they are neither dangerous (like anthrax or plutonium kind of dangerous) or an infringement on anyone else's rights (like a skyscraper blocking the sun from others, or the smell of a new hog-rendering plant next door).

The market should decide, and provide - without any planning.

As for Progressives and Central Planning, I wonder how implementing the Progressive agenda can be done any other way? Control of the means of production is a key to "progress" and without it there can be no "justice". Social or not, the perceived inequities in our society (a.k.a. injustice) can only be cured by control - through compliance to laws, and outright control of production and consumption alike. Otherwise the "Progressive" movement is merely a philosophy.

And for the capitalists our there - Silly Bandz (as the article highlights) are owned by a privately held company as SultanOfSwing correctly points out. Good to see some people wanting in on the action - thanks for still being out there.

Thanks everyone for your answers - the discussion is much appreciated.

Known as that guy picking up his kids' silly bandz or just nzsvz9

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