The award winning Waffle Street the movie

It is, of course, already a must-see movie, but if there is an imperative form of must-see, it definitely applies here. Waffle Street the movie is getting closer to general release and will no doubt be shown some time in Australia. It is from the only book ever written in which Say’s Law becomes part of a true-life adventure. :

The 2015 Hollywood Film Festival announced the winners of six categories Sunday night at the Arclight Cinemas in Hollywood.

Sharing the title for best narrative film is Forward. Side. Close!, an Austrian film that follows the story of a castle-dwelling, obsessive compulsive man, and Waffle Street, the true story of the vice president of a $30 billion hedge fund, who loses his job and ends up working as a waiter at a waffle shop.

And then there’s this from the Woodstock Film Festival which has just initiated its Carpe Diem [Jay] Andretta Award:

Jay’s wife, Lauri Andretta, and son, Jim Andretta, will present the inaugural Carpe Diem Andretta Award to Waffle Street on October 3 during the annual Maverick Awards Gala at BSP Kingston, NY. Woodstock Film Festival alums Eshom and Ian Nelms (Lost On Purpose, 2013) return to Woodstock with Waffle Street, their third feature, based on the memoir of James Adams, former VP of a $30 billion hedge fund, who loses his job and unexpectedly winds up in the world of the unemployed. In this genuine riches-to-rags story, Jimmy, played by a charming James Lafferty (One Tree Hill, Oculus), finally finds work waiting tables at a chicken & waffles chain, where the hectic pace and general mayhem become both comedic and endearing. Under the tutelage of master grill man Edward (Danny Glover in a stunningly earnest performance), Jimmy learns some hard lessons about life, finance and making grits. But the foremost thing he discovers is carpe diem, as he begins to enjoy the pleasures of the moment and realize that the measure of a man is far more than luxury homes and expensive cars. Fundamentally, Waffle Street is an authentic account of what it means to rediscover yourself.

The story is amazing. If they film is only half as good as the book, it will be as good a night at the movies as you are likely to have. For myself, I can see there is sense in a carpe diem approach to life, but I have to say that having watched this grow from book to movie one step at a time, it’s not the kind of thing that ever gets something like this done.

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20 Responses to The award winning Waffle Street the movie

  1. Lem says:

    Waffle Street, the true story of the vice president of a $30 billion hedge fund, who loses his job and ends up working as a waiter at a waffle shop.

    Dare I say that there’ll be a few more of those before the froth is blown off the beer.

    On your recommendation, I read Waffle Street some several weeks ago, and for once I understood what you meant by Say’s Law (and which I and most sensible people already knew), being the Golden Rule of economics:

    There’s No Such Thing As A Free Lunch.

    Amen.

  2. James says:

    And I thought it’s some kind of political satire of the PM

  3. Lem says:

    You should read it James, t take your mind off the OCD with Turnbull. The one thing that shines through is the get up and go of a young man who is not prepared to give up, and has a positive spin on life.

    The success of a nation is built on those kinds of people. It’s why the USA was successful, why the British in the 1800’s conquered the world, why Australia and places like South Africa were founded.

    The more positive enthusiastic bright young people who want to build a future for themselves that we can get from anywhere in the world, the better, IMO. That sort of immigration policy would be the saviour of this nation as we head into a bad global economic recession/depression.

  4. Clive 4 Evah says:

    It is from the only book ever written in which Say’s Law becomes part of a true-life adventure.

    Sounds absolutely riveting, Professor. Great to see you’re back in your sweet spot.

  5. I Am the Walras, Equilibrate and Price Take says:

    For a moment there I thought it was the story of how our rentier PM made his millions.

  6. Stimpson J. Cat says:

    Just what we need.
    Eat, Pray, Waffle.

  7. Speedbox says:

    “…the measure of a man is far more than luxury homes and expensive cars”.

    Yeah, maybe. But I would like the opportunity to be measured according to numerous luxury homes in exotic locations and the expensive cars. Plus, of course, the yacht, ski chalet, private jet and helicopter……

    (sigh)

  8. Gab says:

    After hearing what Morrison said in a press conference today, he really is the King of Waffle. Move over Emperor turnbull, you’ve been out-waffled.

    Here’s the transcript. Someone please translate and tell me what was his point.

    Well today was a very positive meeting, a very optimistic meeting of state and territory Treasurers with the Commonwealth and I want to thank all of the Treasurers for their very engaged participation over the course of last night and today as we worked through what are the critical issues facing our nation as we seek to further grow our economy and jobs.

    As state and Commonwealth Treasurers we have one primary goal and that is to grow our economy and to grow jobs. This is what we share in common. Where there may be differences between governments of different political persuasions, the one thing we all share is we know we must grow our economy to support jobs in the economy and support the economic aspirations of Australians, and that was very much as, if you like, the board of directors of growing the economy in this country. Together we are shareholders in ensuring that we are doing the things we need to do at state, territory and federal level and indeed local for that matter, to ensure economic growth remains our top priority.

    And that means embracing an agenda. As we discussed matters, everything from tax issues to infrastructure, to ensuring a greater choice and competition and effectiveness and efficiency and service delivery so our constituents, our taxpayers, are getting the value for money that they are seeking from all of us as we are stewards of the funds that they provide and generously do so.

    Innovation is also key in this process and I particularly welcome the acknowledgement by state and territory Treasurers of the importance of innovation and policies that support innovation to grow our economy and I commend them for the initiatives that they are taking on their part as well. We are doing all of this and seeking to grow our economies in the midst of many challenges but I think also many opportunities and I think today there was another opportunity for us all to acknowledge both of these, and yes of course there is volatility and uncertainty in elements of the global economy, but Australia is well positioned.

    The challenges are very real, and we are not in any sense of lacking understanding of the complexity of those challenges, but nor are we intimidated by them. We are encouraged and we are optimistic about the things that we can all do collectively to grow our economy and jobs at this time. Now, it is true that commodity prices and things of this nature don’t present the same opportunities that they used to, but what that does, is, I think, underscores our need to focus on how we can further unleash the potential of Australians and Australian businesses in our economy. The productivity challenges that we have are now, without doubt, the most important thing we must collectively address. That is where the jobs are coming from. That is where the growth in real wages will come from. That is where the increases in revenues that are necessary to support the many services that are delivered particularly at a state and territory level, that’s where it will come from, in engaging in the process of changes that will boost our productivity which at the end of the day means allowing Australians to realise their full potential. And that’s what we focused on together today.

    In this environment, when you are dealing with these challenges, you can’t limit your options and I want to thank Treasurers today for their commitment to continue to work together to identify all the options that are available and to work together collaboratively to find which are the best options to go forward, and today was really an opportunity to advance a national partnership on growing the economy and growing jobs, to establish a platform nationally together collaboratively to grow our economy and to grow jobs. Particularly today there were a number of items that were up for discussion. We continue the discussion on how we can work our tax system at a federal and state level so it can support Australians in their aspirations to work, save and invest, which will encourage growth in our economy and jobs.

    Today, in response to the request from states and territories at the last meeting, there was a discussion of options and parameters that would deal with changes to federal taxes. There was no proposals put forward by the Commonwealth today, I want to stress. This was a request for information on options and it is part of the discovery process, I would say, that we are going through in relation to the tax system. It was noted that at our next meeting we would continue that discovery process by looking at all the various options that exist at a state and territory level. That is in no way to suggest that states or territories have been not acting in ways that they should in relation to these matters. Every state and territory jurisdiction, I am confident, will be looking at their state tax bases to ensure they are doing everything they can to make sure they are as efficient and effective as they can be, as is the Commonwealth. In the same way that we have identified and looked at options today, without any decision, without any requirement for a decision, we will now look at what those options are at a state and territory level because we are looking for the best mix of options that are going to encourage jobs growth and economic growth in this country.

    Secondly, we focused on the Harper report and the Harper Review. The Harper Review has the potential to unlock, if acted upon, enormous economic opportunities for Australia, not unlike what was achieved when we realised 2.5 per cent growth by implementing the Hilmer reforms many years ago. The agenda has moved on and while there are some outstanding issues in energy and water and utilities from pervious times these remain a few outstanding matters of work to be done. The real agenda though, which has opened up and identified in Harper really deals with the area of how we could provide greater choice to Australians who are seeking, as Professor Harper said in his report, more services in more areas and they are going to seek those from an economy, not just governments to provide. We need to be looking at ways to open up the opportunity for new service offerings and more efficient and effective ways at the end of the day to provide and meet the expectation of Australians in a very different world, where we have an ageing population and reforms such as the National Disability Insurance Scheme and things of that nature, I think are really changing the way Australians feel, about how they can engage in the area of social services.

    Social services and human services have always been important social responsibilities of government and will always remain so. What is opening up now is that these areas of service delivery have also got a very significant economic component to them and provide very real job growth opportunities in this country where we have a competitive edge and the recent free trade agreements, I think, have very much reflected that.

    So states and territories want to work together with the Commonwealth to identify how we can make the best of those opportunities, while retaining our absolute commitment to issues such as universal access and equity and fairness and the effectiveness of delivery of these very important services that Australians will always rely on.

    Critical amongst those and an issue that was not specifically identified necessarily in Harper was the issue of housing. Now, it is true that the Harper Review did focus on the issues relating to land use planning and zoning and things of that nature as an important area of economic reform. We will obviously continue to look at those issues, as states and territories already are. But the issue of social housing delivery and support and affordable housing which was discussed at the last leader’s meeting as part of the Federation Review Green Paper, this is another area that there was keen interest in today from treasurers.

    Around $11 billion a year is spent on housing support and assistance at a state and territory and federal level and we can do a lot better right across that area – a lot better. We are working off very archaic models but amongst that there are green shoots of innovation and service delivery which are occurring in many jurisdictions and we want to continue to roll out that discussion and work together.

    So, the next step on Harper is for the Government to make a formal response to the Harper Review. Today I’ve been able to get, I think, a very good indication of the willingness and appetite of the states and territories to engage in that process and it is for us now, I think, to start charting out options on the institutional framework for how that can be driven, in the same way that that was driven back under the Hilmer process of competition policy. This is an exciting area but it’s very early stages. There are some key principles to work off and we will seek to flesh those out to ensure at our next meeting we have something a bit more concrete to consider about how that process can be managed.

    Having said that, some states and territories have already made some significant advances in these areas; others are already looking at changes in these areas and the institutional arrangements we put in place need to reflect the relativities between the states. All of this adds up at the end of the day to a national platform for economic growth and jobs. That’s what we’re working on together. That is our core business, that is our mission and it is a mission that we are locked together on, and we know that that is the way that we can deliver both in terms of the service delivery expectations that Australians have, of all levels of government, but importantly that is what is necessary to ensure we can support the jobs and the economic futures of Australians.

  9. Waffle Street: The Malcolm Turnbull Story

    But yes, I’m ashamed of Morro. O tempora o mores.

    Or perhaps, with this waffle motif, that should be ‘o tempura, o moreish’.

  10. Now this is a movie that will really take the cake.

    (just seeing if Deadders is around)

  11. Tickets will sell like hot cakes.

  12. Tim Neilson says:

    Lem
    #1827888, posted on October 16, 2015 at 3:24 pm
    The more positive enthusiastic bright young people who want to build a future for themselves that we can get from anywhere in the world, the better, IMO. That sort of immigration policy would be the saviour of this nation as we head into a bad global economic recession/depression.
    True Lem. Unfortunately at the moment it’s “give me your poor, your tired huddled masses, yearning for taxpayer funded lives of idleness while attempting to turn Australia into a replica of the shitholes from which they’ve decamped”.

  13. H B Bear says:

    After hearing what Morrison said in a press conference today, he really is the King of Waffle. Move over Emperor turnbull, you’ve been out-waffled.

    What utter crap. Morrison needs to bust out of that mode quickly or he will follow Sloppy Joe down the plug hole.

  14. J.H. says:

    Danny Glover is in it….. Then I’ll not be watching it. Glover is a “Communist elitist” who supported Hugo Chavez and took 18 million dollars to make a propaganda movie in 2007…. He supports Castro and other despots. He’s also a Global Warming activist.

    There’s a million other actors they could’ve hired, but they chose that guy……. Pity, it probably would have been a good movie.

  15. Siltstone says:

    Gab
    Thanks for that bare it all post. It is no use a politician having a clear thought in the brain if they cannot convey it. From what Morrison said we, voters, have no idea whether he is smart but with a case of verbal diarrhea, or whether he just has clue. Using the precautionary principle, one would choose the latter.

  16. Siltstone says:

    Opps ” just has no clue”

  17. Ellen of Tasmania says:

    I’ve just bought the book. Watched the trailer and it looks like he has a wife. Did she stick with him through it all, and he with her? (I like happy endings.)

  18. Empire says:

    Morrison (translation): I would like to deregulate the economy and reduce spending, but I was told to say “go for growth , it’s all about jobs”. All my peers are socialists. I don’t really get economics. Perhaps I made a terrible mistake. Boats was bonza.

  19. Sydney Boy says:

    Like Lem, I read the book based on the recommendations of the Cats.

    Yes, he keeps the wife (she has a job)!

    Say’s Law states “A product is no sooner created, than it, from that instant, affords a market for other products to the full extent of its own value.” – Am I right in interpreting this to mean if I build a house, then I have created demand for bricks, for timber, for roofing iron, for concrete, etc?

  20. James Adams says:

    Steve,

    Thanks again for the publicity. As I said in my e-mail, our distributor has regular contacts in Australia, so we’ll be sure to get it over to you sometime next year.

    Ellen, Thanks for the book purchase. The movie is much heavier on the domestic situation. I’m tempted to answer but don’t want to spoil it. You’ll just have to see if Becky sticks around…

    Sydney Boy–As I understand Say’s Law, it is the profits/income from building the house (sale price less labor and materials) which enable you, the builder, to purchase other goods not related to the construction. The demand for the intermediate materials (bricks, etc.) is really a by-product of the demand for houses, which derives from the income/production of the buyer and the mortgage loans provided by the excess of production over consumption (savings) of the lenders.

    You only generate demand if you created value-added (i.e., profitable) supply. So the demand for a house–and everything that comprises it–comes from the production/incomes of the buyers and the lenders. Which is why, in the crash of 2008, the collapse of credit caused the demand for homes, and in turn, building materials to collapse.

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