Best Clam Chowder

Name: Best Clam Chowder
Ingredients: 2 (6-1/2-ounce) cans minced clams, with their juices; 2 tablespoons unsalted butter (1/4 stick); 1 cup small-dice yellow onion (about 1/2 medium onion); 1 slice thick-cut bacon, finely chopped; 1 medium garlic clove, minced; 1/4 teaspoon dried thyme or 1/2 teaspoon finely chopped fresh thyme leaves; 3 tablespoons all-purpose flour; 2 cups bottled clam juice; 1 pound russet potatoes (about 2 medium), peeled and cut into medium dice; 1/3 cup heavy cream; Kosher salt; Freshly ground black pepper