Lamb Chops with Anise

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6 rib lamb chops, trimmed of excess fat

1/2 teaspoon dried thyme

2 tablespoons olive oil

1 tablespoon unsalted butter, plus 2 tablespoons

1/2 teaspoon minced garlic or garlic puree

1 teaspoon anise seeds

2 tablespoons balsamic vinegar

Pinch sugar

2 tablespoons water

Salt and freshly ground black pepper