Waffle Street the book is a true life adventure in which the author learns about the meaning of Say’s Law by going from an investment house to working the night shift at a Waffle House. Waffle Street the movie is now about to be released which, as it says, is based on a true story along the lines, no doubt, of what is found in the book. I have been following both book and movie from the start, and while I cannot take even an ounce of credit for any of it, I have to admit there is a very great pleasure in being able to tell you that my Say’s Law and the Keynesian Revolution is sitting on Jimmy’s desk in the final scene, right beneath a copy of Jean-Baptiste Say’s Treatise on Political Economy. To understand why you will probably have to read the book, which along with a great story will explain to you the meaning and significance of Say’s Law. But for a movie in the true Hollywood style, you should see the film as well when it comes out. How extraordinary it must also be for Jimmy Adams to find that being fired from his job in finance led to his ending up writing a book that was turned into a movie with Jimmy himself played by James Lafferty!
UPDATE: I’ve just had a look at the interview with Jimmy linked at the start. A good question from the interviewer, which led to this reply drenched in the logic of Say’s Law:
Too often, white-collar financial service workers forget that any given good or service can only be obtained by 1) producing it yourself or 2) by creating something of value which can be exchanged for it. Instead, we’re prone to think the major impediments to our individual and collective prosperity can be readily removed by tweaking interest rates, the tax code, or deficit spending.
My restaurant co-workers, in contrast, were under no such delusions. With the exception of the manager, I was the only person working third shift who hadn’t spent considerable time in a state or federal correctional facility. Most of them were extremely grateful for the opportunity to perform honest work at a market wage, and took a very proactive, customer-service-oriented approach to their financial lives after parole. Generally speaking, they were great examples to me. In the book, I use a number of my interactions with them as commonsense illustrations of economic principles. I really intended the narrative to be wholly humorous self-deprecation, but I had so many financial epiphanies on the job that I couldn’t help but share them with my readers.