That is not correct. Almost all conductors have a resistance that increases with increasing temperature. The current will decrease as the element gets hot. If you have a material where the resistance decreases with temperature you can get a runaway condition with the current increasing until the element burns out.
What I meant by that statement is that the resistance of an element is constant with respect to voltage and current for wattage calculations in properly designed circuits (i.e., the resistance of the element does not automatically scale down when using an element designed to operate on a 20A circuit on a 15A circuit). The resistance of the element is only going to drop so much in a properly designed circuit.
Yes, resistance changes with respect to temperature. Thermal runaway is why one cannot operate most electric elements dry. The phase change of water from liquid to vapor (latent heat of vaporization) dissipates heat, keeping the liquid cool enough that the element does not reach runaway temperature. If the liquid in which the element is submersed does not make a phase change from liquid to vapor, then the temperature of the liquid would continue to rise until the element reaches the temperature where thermal runaway occurs.
Finally, yes, electronic components have de-rating temperatures; therefore, operating temperature has to be factored into component selection and system tolerances.