Im glad I found myself in Toronto this evening, because tonights Munk Debate was illuminating and enjoyable. The motion was that North America faces a Japan-style era of high unemployment and slow growth; Paul Krugman was arguing for it, while Larry Summers was arguing against. Krugman found himself with the home-team advantage through being paired with Canadian economist David Rosenberg; Summers had strong rhetorical backup from Eurasia Groups Ian Bremmer. But at heart, this was
