Wednesday, December 31, 2008

Recipe for the Recession #1: Potato Casserole

Welcome to the first installment of Recipes for the Recession, where I will prove that cheap and delicious CAN coexist.

My first experiment? Potato casserole, appropriate to recession times not only for its affordability but also for its comfort quotient - an important factor when you're facing layoffs, deflation and the general economic demise of your nation.

There isn't much that's more budget-friendly than the potato. At a dollar a pound, we can all afford to indulge in the steamy, starchy spud.

And a casserole is its perfect recession-era vessel. Creamy, hot and simple, casserole is the ultimate comfort food. This explains why since the fifties it's been one of the most popular choices as a gift of condolence and congratulation - for example after a death or a birth.

But most importantly, they are cheap. Casseroles first became popular in the U.S. during the 1930s when cash was tight and plenty of foods were rationed, and they provided a way to stretch leftovers into another meal, adding a can of Campbells on the way. In the 1950s to the 1970s, their popularity evolved to be mostly based on convenience, as more women started to leave the kitchen for the workplace. Somewhere in there was a lot of aggressive promotion of canned foods and soups aimed to convince those mothers and wives that canned foods were wholesome and nutritious enough to replace more traditional and time-consuming protein sources like, say, meatloaf.


So, without further ado, my own potato casserole recipe.

Ingredients:
  • 2 lb boiling potatoes
  • 5 tablespoons unsalted butter, melted
  • 1/2 cup reduced-sodium chicken broth
Equipment:
  • Casserole Dish
  • Knife
  • Potato peeler
Steps:
  • Preheat oven to 425°F with rack in middle.
  • Peel potatoes and thinly slice (about 1/16 inch thick), then toss with butter, 3/4 teaspoon salt, and 1/2 teaspoon pepper. Spread evenly in a 2-quart shallow baking dish and add broth. Cover tightly with foil and bake 30 minutes. Uncover and bake until top is well-browned and most of stock is absorbed, 30 to 35 minutes more.

Cost Calculation:

2 lbs potatoes: $1.38

1/2 cup chicken broth: $.25 (at $1 a can)

5 tablespoons butter: $.50

Total cost of the meal: $2.13 (!!!)


It's no "chicken in every pot," but Obama has so far avoided the type of grand promises made by Mr. Hoover in 1928. So until he does, let them eat potatoes.

*Although casserole is a french word, the dish as we know it is distinctly American. To the french, casserole simply refers to any deep cookware. However, in France the cooking utensil doesn't necessarily come to the dinner table along with its contents as it does in an americanized casserole. Also (as I found out post-bake,) the french usually cook their "casseroles" on the stove as opposed to in the oven, to save on fuel use. Something to consider for next time!

Tuesday, December 23, 2008

Some Recession Inspiration


President Rafael Correa's decision to default on Ecuador's $3.9 billion debt to the IMF has got me thinking.

Correa announced this move last week, in response to the findings of a special commision, which he appointed himself. The commission recommended that Ecuador default on $3.9 billion in foreign commercial debts that are a result of the country restructuring in 2000.

The interesting thing about Correa defaulting is that he's not even doing it for financial reasons. In fact, right now, Ecuador could afford to make payment on the loan, thanks to their oil and agricultural exports. Instead, this default is ideologically motivated, a radical political stand. Correa says that the loans themselves are tainted by the corrupt policies and politics of the IMF and are thus "immoral."

Without a doubt, the politics of the IMF can be pretty atrocious, and I for one am glad to see a developing nation stand up to such a political giant, especially if it brings wider awareness to the history of the IMF in the process.

But, much more importantly, this new development opens up huge possibilities in the lives of poor recent-grads like myself. My whole life is loans! And yes, some of them are downright immoral. So, after much thought I have decided, in solidarity with the people of Ecuador, to refuse to repay those loans that are borne out of immoral or unjust intentions. That $5 my roomate lent me at the end of the night on Saturday for one more beer, just so that she could keep seeing me dance like a fool? IMMORAL. And what about when my sister lent me her credit card to buy those ugly suede boots with fringe? I was clearly not in my right mind. It was wrong, wrong, wrong of her to allow me to commit such a purchase. Why has she not let that one slide by now, anyway? That was months ago!

And so I shall refuse to make payment on these loans, no matter what the consequence shall be. I welcome all of my fellow Recessionistas to join me in this endeavor. We may come up against opposition. Our friends may refuse to go out with us, or maybe even to talk to us. Yes it will be a tough and harrowing journey, but we as Recessionistas are brave! We are courageous! And knowing that we are doing the right and moral thing is all that matters in the end. Now I just have to figure out exactly what it is that makes my college loans immoral...

Monday, December 22, 2008

Anatomy of a Recessionista

Well, my friends, times are tough. In case you have been living under a rock, our country is getting pretty shaken up by this recession business. Transportation costs are rising, stock values are falling, and your parents retirement funds have all but disappeared.

But cheer up, reader! It's not all gloom and doom. It is simply time to get pro-active. There are a million and one creative ways ways to scrimp and save out there, and some will even leave you feeling like you stuck it to The Man!

The Recessionista is here to help. I will suspend all modesty long enough to tell you that i am an expert in frugality, practically a savings fetishist. Stick around, and I will share a few of my obsessive gems, as well some other ideas about how to cope with a bummer of a recession. (Coming soon: suggestions about how to have fun for (gasp) free!)