Component Availability and Nonmarket Institutions

What exactly is quantum computing? Why does it matter, and what would it actually mean to “win” the quantum race? Zach Yerushalmi, CEO of Elevate Quantum, a Mountain West–based public-private consortium advancing the U.S. quantum ecosystem, and Chris Miller join the podcast to discuss.

Our conversation covers…

• What Quantum Computing Actually Is — A primer on qubits, superposition, and why quantum computers aren’t “faster classical machines” but fundamentally different systems designed to simulate nature and solve specific classes of problems.

• Why Quantum Matters Now — Breakthroughs in error correction and hardware have shifted quantum from theory to an engineering race, with major implications for drug discovery, materials science, artificial intelligence, and cybersecurity.

• The Economic and National Security Stakes — Quantum’s potential impact on cryptography, advanced manufacturing, biotech, and defense makes it a strategic technology with an extremely small margin for error in global competition.

• From Science Project to Industrial Policy Challenge — The bottleneck is no longer just physics but scaling. Talent pipelines, fabrication capacity, supply chains, and the kinds of public-private partnerships needed to move from lab prototypes to deployable systems.

• What Winning Looks Like — Leadership isn’t just building the first powerful machine. It’s shaping standards, securing supply chains, protecting encryption, diffusing capabilities across industry, and sustaining innovation in a tight U.S.–China technological race.

Plus, the encryption stakes, the engineering bottlenecks, the race with China — and a reading list and job resources for those interested in the field.

Thanks to the Hudson Institute for sponsoring this episode.

Zach’s Quantum Technology Reading List:

• Quantum Computing Fundamentals: But What Is Quantum Computing? by 3Blue1Brown

• Quantum Computing Overview: The Map of Quantum Computing by Domain of Science

• Quantum Sensing: Atomic Advantage: Accelerating U.S. Quantum Sensing for Next-Generation PNT by CNAS

• The Quantum-Classical Divide: Are the Mysteries of Quantum Mechanics Beginning to Dissolve? by Philip Ball, Quanta Magazine (February 2026)

• Systems Engineering Bottlenecks: Computer Science Challenges in Quantum Computing: Early Fault-Tolerance and Beyond by Jens Palsberg et al., IEEE Quantum Week (2025)

Further reading if curious:

• When We Cease to Understand the World by Benjamín Labatut (2021)

• Introduction to Special Issue on the Early History of Nuclear Fusion by M. B. Chadwick and B. Cameron Reed, Fusion Science and Technology (2024)

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