> The more money the government prints the more the stock market goes up. So the market doesn't actually represent value in a company but instead debt owed to somebody else.

The second sentence doesn't follow from the first. Owning stock literally means owning part of a company. Now the worth of that ownership is determined by what people are willing to pay, and what people are willing to pay is subject to all the whims of human judgement. The money supply is just one piece of that though, it's not the end-all-be-all (not for stocks, and not even for "inflation"). For one thing, the perception of the money supply and the stock market as a whole are major influences, but the fortune and perception thereof of individual companies will move related to its performance which over time will diverge from broader macroeconomic trends.