Former Labor Secretary Robert Reich, who served in the Clinton administration, warned that President Trump’s personal involvement in the U.S. economy will be his “downfall” and will lead the country toward stagflation.

In a Substack post Tuesday, Reich recalled a time when the parties were divided by disagreements over the size of government and support for social safety net programs.

“It’s hard to find Right or Left these days,” Reich wrote. “Instead we have something no one has ever seen in America — a personal takeover of nearly all the institutions of government and, increasingly, the private sector, by a would-be dictator.”

Reich listed several examples of Trump “taking personal control of the U.S. economy,” including Trump’s efforts to influence the Federal Reserve Board; the gove

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