Inflation is in debate this year among global economists! Whether it will rise substantially and damage the economy or whether it will not be a big factor because there is plenty of cushion (I was looking around for some economic information and came across this video). More money usually means devaluing of that money and in turn purchasing power. In traditional systems we find money tied to precious metals like gold (Theoretically it could also be a pack of different commodities that have some global value. See Commodities as Market Predictors).
Basically, the debate is between different policies and whether or not continued support is helpful or not. I looked at a little study about India to see if I could understand better. See India Inflation and Fiscal Stimulus. Debt, supply, demand, economic performance, manufacturing, etc... all make their way into government decisions and those decisions have some (not all) influence over market activities.
Some argue for more government influence and some argue for less (I'm of the mindset to keep the market as free as possible from interference because it functions best and with less overall admin costs. However, there could be times during crisis that federal policy must be adjusted to ensure resources are being reallocated to places where it is needed during those times.)
Steve Forbes is a very knowledgeable guy on these issues and would be someone (along with a short list of others) you might want to pay attention to on these subjects.
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