The party continues and the Yankee soon has Dowley in a good mood again. (As a member of a caste society, Dowley is fine as long as he understands who, exactly, is allowed to slap the taste out of his mouth.)
Dowley and the Yankee discuss economic matters, and the Yankee explains the notions of inflation and purchasing power to him. Dowley repsonds with a confused dog look, and the Yankee eventually gives up.
The Yankee changes tactics and talks about higher wages in the future. The party guests are amazed at such wealth, and the Yankee explains that collective bargaining achieves it.
The Yankee further explains that criminal punishments such as the stocks are unfair, but his words scare them a tad too much, since they may be punished in just such a manner if they speak out against this system.