John Stone (Australian politician)

John Stone (Australian Politician)

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John Stone (Australian politician)

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John Owen Stone (born 31 January 1929) is a former Australian politician. He served as Secretary to the Treasury between 1979 and 1984,and as a Senator for Queensland representing the National Party from 1987 to 1990.

After gaining First Class Honours in Mathematical Physics for his Bachelor of Science degree and representing Western Australia (under 21) at hockey, Stone was selected as the Rhodes Scholar from Western Australia for 1951.

At Oxford he was awarded First Class Honours in Politics, Philosophy and Economics (PPE) and won the James Webb Medley Prize for Economics. Then, in 1954, he returned to Australia and joined the Treasury.

Stone rose within the department to become Secretary to the Treasury during the reign of Prime Minister Malcolm Fraser. He penned a severe critique of Fraser's economic policies which was used against the Liberal Party once the Australian Labor Party won the 1983 federal election. Stone resigned from the Treasury in 1984, after the election of the Hawke-Keating government, some of whose economic reforms he supported, although he had little time for Bob Hawke or Paul Keating personally.

Despite what were in many respects neo-liberal economic views, Stone initially opposed floating the currency and consistently deplored a consumption tax. Indeed he has repeatedly denounced the GST (and Treasurer Peter Costello) in print.

An informal advisor to Queensland's longest-serving Premier, Sir Joh......
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