We discuss analogies between the charge and spin response functions of
itinerant magnets. We show that the spin analog of the charge stiffne
ss is not given by the usual spin stiffness rho(s), but by the dynamic
spin stiffness D-s, which is obtained from the dynamic spin conductan
ce G(s)(omega) in the limit of vanishing frequency omega. The low-freq
uency behavior of G(s)(omega) is used to define ideal spin conductors,
normal spin conductors, and spin insulators. Assuming diffusive spin
dynamics, we show that the spin-diffusion coefficient is proportional
to lim(omega-->0) ReG(s)(omega). We exploit this fact to develop an ex
trapolation scheme for the spin-diffusion coefficient in the paramagne
tic phase of the Hubbard model.