$$\ce{A -> B -> C -> A}$$
In Alberty's Physical Chemistry (7th ed.), the author says that this reaction mechanism is not possible. The reason given is:
Although this mechanism at first sight appears reasonable, no actual process follows this mechanism because it violates the principle of detailed balance. According to this principle, at equilibrium the forward rate of each step is equal to the reverse rate of that step. Thus equilibrium cannot be maintained by this mechanism.
I understand the statement of the principle ("at equilibrium the forward rate of each step is equal to the reverse rate of that step"), but I don't get how it implies that equilibrium cannot be maintained, or that this reaction is not possible.