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I don't believe the fonts will every re-size. A 12-point font, for example, should look the same, regardless the size of the window.
It can be tricky to design dashboards when you know the end-users are going to have different resolutions, monitor sizes, etc... Personally, I like to design dashboards that are a fixed size as I can be (reasonably) confident that the user will see the dashboard exactly as I intended.
Regarding fixed size dashboards I wnet to the following page in the knowledge base:
and saw a screen shot that does not resemble my screen (Tableau 8 desktop). This is from the knowledge base:
If you're using 7.0 look under Size on the dashboard box and click Edit... Then, choose Exactly>Standard to get a similar drop down.