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Step 1
Wash and scrub the potatoes, then dry well. Cut them into ¾-inch cubes.
Step 2
In a large pot or dutch oven, bring 5 cups of water to a boil over high heat. Add the baking soda and stir to dissolve. Add the potatoes and 1 teaspoon salt. Stir and cook until the surface softens but not cooked all the way through, 5 to 6 minutes. Drain into a colander, gently shake off the excess moisture, then add back to the pot. Cook over low heat until the moisture evaporates, about 2 minutes.
Step 3
Turn off the heat, add 1 tablespoon butter and ¾ teaspoon salt. Stir until a starchy paste coats the surface, about 30 seconds. Set aside.
Step 4
In a large 12-inch skillet or cast iron pan, heat 1 tablespoon olive oil over medium heat. Add the diced onions and ¼ teaspoon salt. Saute until lightly browned and translucent, about 4 to 5 minutes. Add bell peppers, saute for 1 minute. Transfer to a bowl.
Step 5
Add 1 tablespoon butter and 1 tablespoon olive oil. Once the butter melts, add the potatoes. Stir and spread them in a single layer. Let it sit without stirring until the bottoms are golden brown, about 4 to 5 minutes.
Step 6
Turn the potatoes with a spatula. Repeat the process of spreading in a single layer, allowing to sit and fry for 4 to 5 minutes, until a majority of the sides are lightly browned and crisp, about 11 to 15 minutes. Individual pieces may need to be flipped over to ensure browning.
Step 7
Turn off the heat, evenly sprinkle the potatoes with paprika, onion powder, and black pepper. Stir to combine. Add the sauteed onions and bell peppers, cook until warmed through, about 1 minute. Season with salt and pepper to taste.
Step 8
Garnish with parsley and serve while hot.