Adjusting, relative font size, or adjusting magnification in a panel

Is there any way to have the font size shown in a panel adjust to the panel size in a relative manner? Does anyone know of a plug-in that could do this?

e.g. I have one panel open and then spit the screen into 4 equal panels 2x2 grid. It would be great to have everything that is visible in the single, remain visible in the 1/4 panel, albeit with a much smaller font.

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