Bruce Schmiechen has just launched a new blog that is worth your time. It is called The Titanic Sails at Dawn and it breaths much fresh air and sanity into the discussion about the American economy, the deficit and the politics surrounding both of the aforementioned.

Tuesday, for example, Schmiechen talks about why Elizabeth Warren is a capable watchdog for consumers and then he agrees with Paul Krugman about why she won’t get approved as consumer regulatory chief.

Schmiechen has also produced a “Common Sense” Guide to the Great Deficit Debate & Future of Our Economy, which you can download here.

(Winning Progressive is running the Guide as a multi-part series on their site so, If you wish, you can read it in bite-sized morsels. Part 1 is here.

The site has an unabashed progressive tilt, but one that may appeal to some of the libertarians among you as well.

Whatever your politics, it is a smart and informative site that aims to open up a logic-based discussion among us common folk on this economic mess we’re in—a mess that too many of our elected officials seem incapable of viewing through any lens save that of political gain or loss.