Although public outcry forced the Bush Administration to drop their plans to create a futures market in terrorism, the idea of using futures markets as predictors of world events is an idea too fertile to be left to the tender mercies of the Department of Homeland Security.

Enter the American Actions Market, an apparently-serious effort aimed at creating a futures market in Bush Administration policy maneuvers.

Trader registration starts Sept. 1, and the futures market will open on October 1. Fascinating.