My devotional book had an interesting take on this verse.....
At first blush this proverb could appear to be about the senselessness of investing good money in educating a foolish child. But that's only because we bring our modern ideas of school tuition costs to the ancient text. the practice of paying a teacher was unknown until the Middle Ages.
What Proverbs 17:16 presents is the pictures of a person who has no inclination to engage in a patient process of becoming wise and assumes instead that wisdom can be bought with money. This fool has heard the proverb writer's instruction to "get wisdom," which si "better than gold," bu rather than submitting to God in holy fear, rather than experiencing slow growth through patient study o God's Word, and rather than being willing to be transformed from teh inside, he digs in his pockets to pay for the quick fix.
Let's be willing to do the work and attain true wisdom!
Tomorrow's Bible In a Year Passage: 1 Kings 22:1-53, Acts 13:16-41, Psalm 138:1-8, Proverbs 17:17-18