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Good For Gold?

posted on May 02, 09 10:47AM

Warren Buffett: Inflation on the horizon

The Berkshire Hathaway chief says policymakers will have to raise money to pay off costly rescue plans - one way or another.

Colin Barr, senior writer

Last Updated: May 2, 2009: 1:32 PM ET

OMAHA, Neb. (Fortune) -- Berkshire Hathaway chief Warren Buffett defended the government's handling of the economic crisis, but warned that the purchasing power of the dollar may fall as policymakers stretch to finance expensive rescue plans.

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