He said in The Sun: “I come from a little village of farmers where I was educated that when you earn £100 you do not spend £100.
“For me when you earn £100 and you spend £110 it is like cheating. A club must live within its own resources, not artificially supported.”
However, recent economic developments may see several of the Premier League's big boys tighten their belts over the holidays. Chelsea, for one, have hinted that they might not do any buying at all.
And Wenger reckons the rest of England would do well to follow in the Blues' footsteps, and that it will only be a matter of time before the bubble bursts.
He added: “The economic crisis will force many clubs to rethink the way they are run. It seems too many believe football exists in a bubble, away from the financial crisis!
“Football depends heavily on the financial markets, sponsorship and television rights, all of which are suffering right now.
“Clubs will be affected, wages will come down, transfer fees must come down and there will be a bit of calm with the exception of clubs like Manchester City.”
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