Front Page Titles (by Subject) 432.: ricardo to sinclair1 - The Works and Correspondence of David Ricardo, Vol. 8 Letters 1819-June 1821
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432.: ricardo to sinclair1 - David Ricardo, The Works and Correspondence of David Ricardo, Vol. 8 Letters 1819-June 1821 
The Works and Correspondence of David Ricardo, ed. Piero Sraffa with the Collaboration of M.H. Dobb (Indianapolis: Liberty Fund, 2005). Vol. 8 Letters 1819-1821.
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First published by Cambridge University Press in 1951. Copyright 1951, 1952, 1955, 1973 by the Royal Economic Society. This edition of The Works and Correspondence of David Ricardo is published by Liberty Fund, Inc., under license from the Royal Economic Society.
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ricardo to sinclair1
56, Upper Brook Street, 15th June 1821.
Your plan is neither more nor less than a proposal to depreciate the currency 20 per cent. If I could consent to such a measure, I should propose to do it openly, without disguise; but I do not think such a plan necessary or expedient, and confidently expect, that in no long time, we shall surmount all our difficulties. I remain your obedient servant,
[1 ]Correspondence of Sir John Sinclair, vol. i, pp. 374–5; Letters to Trower, XLVI.