What does jaques tell duke senior about his meeting with touchstone? What did jaques think of touchstone?

The Duke tells Jaques that he would only insult people if he had the license of a fool (fools were allowed to discuss any matter, even if it offended a noble, without fear of being punished). Jaques claims that he would be witty and that men would only be insulted if they had done something for which they deserved to be insulted. He is interrupted by Orlando who enters with a drawn sword.