FIDE Rating Inflation.
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http://www.google.co.uk/url?sa=t&rct=j&q=fide%20rating%20inflation&source=web&cd=1&ved=0CFcQFjAA&url=http%3A%2F%2Fmembers.shaw.ca%2Fredwards1%2F&ei=Qwj8T-bNFoj18QPYkPGwBw&usg=AFQjCNFCzc5gp5CGIpnTJMhy4MGmFx4Jtw&cad=rja
This piece of analysis, if it can be trusted, shows that at about the year 2006 Fischer was still the highest rated player of all time when the obvious FIDE ratings inflation is compensated for.