What does Proverbs 17:16 mean?

An earlier proverb in this chapter noted how those who offer bribes might begin to rely on them too much (Proverbs 17:8). Others noted that material goods have no value compared to godly wisdom (Proverbs 16:16). Here, as well, the theme is mistakenly believing money can purchase spirituality. Proverbs defines a "fool" as someone who rejects God's truth (Proverbs 1:7). For such a person, it's pointless to try to buy wisdom—literally or figuratively (Proverbs 23:23)—since they're not open to learning (Proverbs 17:10).

The beginning of wisdom is reverent respect—"fear"—of God (Proverbs 9:10). Without that, no amount of money can purchase true wisdom. The fool who tries to buy wisdom is like a rich man spending money at an expensive university while refusing to study or attend classes. Paul describes a similar type of fool. He writes in 2 Timothy 3:7 that they are "always learning and never able to arrive at a knowledge of the truth." He insists they are "corrupted in mind and disqualified regarding the faith" (2 Timothy 3:8), and adds: "they will not get very far, for their folly will be plain to all" (2 Timothy 3:9).