The first thing James Whitmore noticed about the pattern was that...

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2026-05-29 05:52:26 -

The first thing James Whitmore noticed about the pattern was that it appeared everywhere and no one saw it.

It was November 1924, and he was sitting in his office at Columbia University, a room that smelled of pipe tobacco and old paper, staring at a page of statistical tables that should have been impossible. The data came from three different sources — the Federal Reserve's distribution studies, the census bureau's income survey, and his own meticulous collection of stock ownership records — and...

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