In his presidential address to the APA, Alvin Plantinga argues that the only sensible way to be an anti-realist is to be a theist. Anti-realism (AR) in this context is the epistemic analysis of truth that says, "(AR) necessarily, a statement is true if and only if it would be believed by an ideally [or sufficiently] rational agent/community in ideal [or sufficiently good] epistemic circumstances." Plantinga demonstrates, with modest modal resources, that AR entails that necessarily, ideal epistemic circumstances obtain. As (...) it is a contingent matter whether ideal epistemic circumstances obtain, Plantinga concludes that an anti-realist should be a theist. In this paper, we show that counterfactual analyses of truth as epistemic are instances of a more general problem of philosophical analysis. More specifically, without a radical revision of the logic, counterfactual analyses of truth as epistemic cannot avoid perpetrating some version of the conditional fallacy. Even so, we argue, anti-realists are not committed to the necessary existence of ideal epistemic circumstances and therefore need not be theists. (shrink)