Son, Who Killed His Hedge Fund Father Over $200 Allowance, Was A Princeton Economist; Call it Krugman Failure?

What have I done?

As Zero Hedge puts it, the most bizarre story from the past weekend was the shocking murder of Tom Gilbert, 70, founder of the Wainscott biotech-focused hedge fund, who was shot dead in his Manhattan Beekman Place apartment on Sunday Afternoon: shocking because the alleged shooter was none other than his Millennial, hence unemployed, 30-year-old son.

AP explains the motivation:

The son of a millionaire Manhattan hedge fund founder who allegedly gunned down his dad over his allowance has been arraigned on a second-degree murder charge, authorities said.

A law enforcement source told the New York Post that Thomas Gilbert Jr. had just been told by his father that he would only receive $400 for spending money per month from that point on in addition to $2,400 per month for rent. The younger Gilbert had previously received $600 per month.

Gilbert Jr. attended Princeton, graduating in 2009 with a degree in economics. Authorities said he had no recent work history.

With a degree in economics from Princeton, this means that if not directly taking courses from Paul Krugman and Ben Bernanke, he was certainly under the influence of their thinking, since Bernanke, before joining the Fed, was chairman of the Princeton economics department and Krugman is the most visible economist currently at Princeton.

Under these type influences, it is no wonder that Gilbert was sans job and apparently a disturbed and lost soul. How could he possibly understand how the world really works, when at Princeton he was Fed the nonsense that Fed money printing and spending are keys to economic growth as opposed to hard work, saving capital and entrepreneurship? Thus a cut in ability to spend (an allowance) is pure evil. Thus, the kid plugs the old man. Makes Krugmanite sense to me.

Don't become a Krugmanite failure. If you don't have a job, get one, any job. Start somewhere and work your way up. And IF you have entrepreneurial skillz, well go for it.