We calculate the density-dependent spin-asymmetry energy S(kf) of
isospin-symmetric nuclear matter in the three-loop approximation of chiral
perturbation theory. The interaction contributions to S(kf) originate from
one-pion exchange, iterated one-pion exchange, and (irreducible) two-pion
exchange with no, single, and double virtual Δ-isobar excitation. We
find that the truncation to 1π-exchange and iterated 1π-exchange terms
(which leads already to a good nuclear matter equation of state) is
spin-unstable, since S(kf0)<0. The inclusion of the chiral πNΔ-dynamics guarantees the spin-stability of nuclear matter. The
corresponding spin-asymmetry energy S(kf) stays positive within a wide range
of an undetermined short-range parameter S5 (which we also estimate from
realistic NN-potentials). Our results reemphasize the important role played by
two-pion exchange with virtual Δ-isobar excitation for the nuclear
matter many-body problem. Its explicit inclusion is essential in order to
obtain good bulk and single-particle properties.Comment: 11 pages, 6 figuers, accepted for publication in Physical Review