Ron Paul: Why the Economy is in Trouble

Wisdom is a deep understanding and realization of people, things, events or situations, resulting in the ability to apply perceptions, judgements and actions in keeping with this understanding. It often requires control of one’s emotional reactions (the “passions”) so that universal principles, reason and knowledge prevail to determine one’s actions. Wisdom is also the comprehension of what is true coupled with optimum judgement as to action.