Very interesting article, but it flip flops a bit on the austerity/stimulus point. See:
"There is no consensus among economists as to what level of debt harms growth, or whether it is even possible to establish such a rule of thumb.
That does not mean that ballooning public debt is nothing to worry about, however. New research suggests that less-indebted governments are much more likely to resort to stimulus to foster economic growth, presumably because they feel they can afford to do so. It may be a long time coming (Japan’s government debt now totals 245% of GDP), but at some point too much red ink will yield a debt crisis. Worries about a country’s solvency will lead creditors to demand higher interest rates, which will then compound its fiscal woes."
There is an argument that we reached peak debt some time ago.
The points about pension raids and gold were simply to illustrate Brown's general lack of competence. As you say yourself, there was no need to sell gold when he did and it did his own credibility no favors. The pensions raid money was indeed "available for public services" but I am sure that those who saved all their working lives in the expectation of a particular income would have preferred that the goalposts didn't move. Punishing savers just discourages the financially responsible amongst us. I could have added the creation of tax credits to his list of fucking stupid moves, ideologically wanting to create a client state of welfare dependents. The logic of taking some money off people and then giving it back was never seriously questioned. The main beneficiary has been unscrupulous employers paying the NMW (which is effectively being taxpayer subsidized).
And whilst Gordon Brown was a moron, he is a fucking intellectual giant compared to Corbyn's front bench, so the prospect of a Labour win is very frightening indeed.