Nobel Prize winning economist Paul Krugman mocked for insisting America ISN’T in a recession

Economist and New York Times opinion writer Paul Krugman has been ruthlessly criticized after claiming the US was not in a recession and that the term ‘didn’t matter’ in a CNN interview Sunday.

Krugman, 69, appeared on the network’s Reliable Sources talk show to discuss the state of the American economy, and was asked almost immediately by host Brian Stelter: ‘Are we in a recession and does the term matter?’ 

‘No we aren’t, and no it doesn’t,’ Krugman responded curtly. ‘None of the usual criteria that real experts use says we’re in a recession right now. And what does it matter? 

‘You know, the state of the economy is what it is.’

The response prompted a hail of criticism, particularly as it transpired late last week that US GDP shrank for the second quarter in a row – a popular marker…