The New York Times had an unusual red pill moment and actually threw cold water on the hype behind President Joe Biden’s huge $1.2 trillion infrastructure bill signed into law earlier this month. Independent journalist Ralph Vartabedian wrote an eye-opening analysis for The Times critiquing the bill as extremely risky. He cited the major cost escalation problems that plagued one of Honolulu, Hawaii’s infrastructure projects as a case study for how the dilemma with “big infrastructure” is exacerbated when applied nationally. Vartabedian said the “national spending spree fueled” by Biden’s $1.2 trillion bill “carries enormous risks that the projects will...