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.
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