Preheat oven to 350 degrees
Cream the butter and sugars together in a mixer
Blend in the egg and vanilla
In a separate bowl, sift together flour, baking soda and baking powder
Add the dry ingredients into the wet ingredients and combine
Mix potato chips gently into the batter with a wooden spoon
Scoop cookie dough in tablespoon-size rounds onto prepared cookie sheets
Bake for approximately 12 minutes, until lightly golden brown