Originally Posted by MattK

there was no "hyper-inflation" during the 1920's, (it was a similar period to the late 1990's with a stock market bubble and speculative real estate prices) and the deflationary depression of the 1930's followed the crash in 1929.

In the late 1970's there was almost runaway inflation, which was followed by the early 80's brief recession, but since then it has been a period of relatively low inflation, if you are using the CPI/PPI as a guide. All of the easy credit pumped in by the fed since 2002/2003 has gone into driving up house prices, stock prices, hedge funds, Oil price, etc. This was more a period of "re-inflation" which is probably about over.

Read more about it in "Conquer the Crash" on amazon