Some of Milton Freedman’s conclusions and analysis is frequently bang on, he was opposed to big power because of it corrupting effect (be it in government or business) as already noted and he thought that power needed to be dispersed rather than concentrated. He also though that spending other peoples’ money was a bad thing, on both points I strongly agree, I would merely point out that one persons freedom can be another persons shackle - money brings agency which is denied to the small business and/or poor citizen, in a similar vein it is the banks and the financial sector that dispose of the great majority of other peoples’ money, and they do it with much less accountability than government - taking cuts along the way.
Part 2 Assess - Timeline - Present - Limited Participation and Disengagement - The consequences of disengagement