1The Abdus Salam International Centre for Theoretical Physics, P.O.B. 586, 34100 Trieste, Italy and Landau Institute for Theoretical Physics, 2 Kosygina Street, 117940 Moscow, Russia and and Centre for Advanced Study, Drammensveien 78, N-0271 Oslo,
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AC noise in disordered conductors causes electron dephasing and DC current in mesoscopic rings. A simple relationship, tau(φ) = C(β)e, connects dephasing rate and current, suggesting a common solution to persistent current and dephasing puzzles.
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