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A paradoxâfree interpretation of quantum mechanics is given using the philosophy of monistic idealism. This idealistic interpretation is developed as an ontological extension of the Copenhagen interpretation, and it is shown to correct the dualistic errors made by Wigner and others who have tried to invoke consciousness in quantum measurement theory. I also compare the idealistic interpretation with such realistic alternatives as the hiddenâvariables theory or the manyâworlds hypothesis that are closest to the present idea in spirit. The new interpretation leads to a new way of thinking about the mindâbrain and our selfâreference problems