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The thing about trying to cook meals on a budget, they often end up making me feel like I didn't make anything special.
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Then, I put a call in to my inner chef and realized that with a few ingredients and a little elbow grease, I can make something that feels fancy and exciting without breaking the bank.
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In a small saucepan, melt the butter and bring it to a gentle simmer.
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Shut off the heat and allow it to sit a minute on the stove.
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The milk solids should start to sink to the bottom.
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Slowly pour the butter into a bowl, keeping as much of the white milky liquid as possible in the saucepan.
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Discard the milk solids; these are prone to burning and by clarifying the butter, the potato cake will be less likely to overbrown.
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Keep the butter warm on the stove.
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Using a mandolin slicer or a sharp knife, cut all of the potatoes into thin (1/8-inch thick) slices.
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Transfer them to a bowl and cover them with 3/4 of the melted butter.
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Season with a little salt and the dried thyme and toss to coat the potatoes with the butter.
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Pour the remaining butter in the bottom of the cast iron skillet and swirl it around to coat the bottom and sides.
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Preheat the oven to 400 degrees F.
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Remember that the bottom layer with be the top when you unmold this cake so it should be done with extra care.
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Layer the potatoes, following the edge of the skillet, so they overlap.
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Start the second circle, closer to the center, of overlapping potato rounds.
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Continue to make circles with the potatoes until the entire bottom of the skillet is filled with potato rounds in smaller and smaller circles.
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Fill the skillet with another level layer of potatoes.
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Sprinkle a touch of salt and make 3 more layers.
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Press down gently on the potatoes to make sure they are starting to stick together and form a cake.
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Place the skillet on high heat and cook until the water starts to emerge from the potatoes and you can see the edges browning, 5 to 8 minutes.
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Place the skillet in the oven and cook, undisturbed, until the potatoes feel tender in the center when pierced with the tip of a knife, 10 to 15 minutes.
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Remove the skillet and carefully pour off any excess butter or liquid into a bowl.
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Place the skillet on a flat surface and cover it with a platter larger than the skillet.
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Carefully turn the platter over in one deft motion.
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Lift off the skillet and use a large metal spatula to place it back in the skillet so it can brown on the second side.
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Pour the butter back in and cook in the oven for an additional 5 to 8 minutes.
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Remove from the oven.
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Pour off any liquid.
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Season with salt.
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Cut into wedges like a pie.
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Serve immediately in the skillet.
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Alternatively, lift it out of the skillet and serve on a platter or in slices on individual plates.