The Luminiferous Aether

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Why was this theory so readily dismissed, on the basis of a single experiment (Michelson Morley)? I think more experiments are warranted, but I'm not smart enough to think of any. But if light travels as a particle upon a wave of aether, we can avoid a lot of the problems with quantum weirdness. The odd implications of the double slit experiment, for example, could be easily resolved if this theory is resurrected.