What does «necedad» mean in Spanish?

Quality of foolishness; foolishness or ignorance.

Examples of use in Spanish: "la necedad del presidente es sorprendente".
Foolish action or word; foolishness.

Examples of use in Spanish: "¡basta ya de necedades!".
(las necedades del rico pasan por sentencias en el mundo) Proverbial phrase that ponders the importance usually given to wealth.