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Prof. Arun Sundararajan discusses the regulation of Airbnb and the sharing economy

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Excerpt from Fox Business -- "I think fundamentally it's a story of economic growth and technological progress stimulating economic growth. The term 'sharing economy' is sometimes misleading because, at the heart of this, this is pure capitalism. It's markets, it's free markets, it's pricing, it's... people transacting with other people. And so when there's this kind of disruption, special interests or established interests do sort of step in and use what they can to sort of try and make sure that the interests that they have are preserved."

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Additional coverage appeared on HuffPost Live.