Summary from the Munk Debates in Toronto via Ian Bremmer with the topic “Be it resolved North America faces a Japan-style era of high unemployment and slow growth.”
A vote taken before the debate revealed that most of the crowd agreed with Krugman and Rosenberg on the pessimistic side of the question. Before the debate began, 56 percent voted in agreement with the proposition. 26 percent disagreed, and the rest were undecided. The vote immediately following the debate suggested that Larry and I had managed to swing all the undecideds and a few of those who had voted in favor. We narrowed the final margin to just 55-45 in favor of the proposition.
Most helpfully, Bremmer offers links to the full debate as well as the arguments for and against the proposition.