The cost for this is that programs with type errors must still be specified to have a well-defined semantics. That in turn means that you can't hang useful language features off static types.
For example, TypeScript explicitly declares as a design goal that they don't use the type system to generate different code:
Meanwhile in Dart, you can write:
double d = 1;
Coalton is an efficient, statically typed functional programming language that supercharges Common Lisp.
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