Assets aren't worth more, money is now dramatically worth less.

You measure one with the other.

Here's a long term graph of the Feds balance sheet: https://www.ft.com/content/ec10b41a-84af-4e44-ad3f-5bb86b6e1...

Here's the Australian Central Bank's current balance sheet: https://i.redd.it/h7bdffj8gqr41.png

This is playing out across the planet and will likely have the same market distorting effects as a decade ago.