Food waste in the United Kingdom Meanwhile, in the United States (where shortages were hardly comparable), legislators considered laws restricting the distribution of food in order to cut waste, breaches of which might be punishable by fines or imprisonment. During World War II, rationing was imposed almost immediately. Restrictions were immediately more stringent than in the Great War as with effect from 8 January 1940, ration books were issued and most foods were subject to ration. By August 1940, legislation was passed that made the wasting of food a prisonable offence. Posters encouraged kitchen waste to be used for feeding animals, primarily swine but also poultry.
Credit rationing absence of equilibrium in spite of willing borrowers. In other words, at the prevailing market interest rate, demand exceeds supply, but lenders are not willing to either loan more funds, or raise the interest rate charged, as they are already maximising profits. Credit rationing is not the same phenomenon as the better-known case of food rationing, common in times of war, when shortages lead governments to control the food portions allocated to individuals, who would be willing to pay higher prices for more portions. Credit rationing is not necessarily the result of credit shortages, but rather of asymmetric information. More