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The administration often cited as having the smallest government in modern history is that of President Calvin Coolidge, who served from 1923 to 1929. Coolidge's policies emphasized limited government, fiscal conservatism, and a reduction in federal spending and regulation. During his tenure, the federal government shrank relative to the economy, with a significant decrease in tax rates and a focus on reducing the national debt. This era is frequently associated with a commitment to laissez-faire economic principles and minimal government intervention.

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