It’s a percentage of assets to nominal GDP Year over year growth. Essentially we’re printing way more money than our economy can sustain so we will see stagflation which is when there is inflation without any growth/ sufficient production to absorb it. This means the inflation will actually hit us harder than the USA even though they are printing way more money than us, their economy is producing/growing enough to better absorb the inflation so it won’t affect them visibly for the time being.
I don't understand why is ours higher than USA. Tbh what does this mean
It’s a percentage of assets to nominal GDP Year over year growth. Essentially we’re printing way more money than our economy can sustain so we will see stagflation which is when there is inflation without any growth/ sufficient production to absorb it. This means the inflation will actually hit us harder than the USA even though they are printing way more money than us, their economy is producing/growing enough to better absorb the inflation so it won’t affect them visibly for the time being.