  In order to reject the notion that information is always about something, the
"It from Bit" idea relies on the nonexistence of a realistic framework that
might underly quantum theory. This essay develops the case that there is a
plausible underlying reality: one actual spacetime-based history, although with
behavior that appears strange when analyzed dynamically (one time-slice at a
time). By using a simple model with no dynamical laws, it becomes evident that
this behavior is actually quite natural when analyzed "all-at-once" (as in
classical statistical mechanics). The "It from Bit" argument against a
spacetime-based reality must then somehow defend the importance of dynamical
laws, even as it denies a reality on which such fundamental laws could operate.
