I hear a lot that new programming languages are dynamically typed but what does it actually mean when we say a language is dynamically typed vs. statically typed?
Statically typed languages like C++, Java and Dynamically typed languages like Python differ only in terms of the execution of the type of the variable. Statically typed languages have static data type for the variable, here the data type is checked during compiling so debugging is much simpler...whereas Dynamically typed languages don't do the same, the data type is checked which executing the program and hence the debugging is bit difficult.
Moreover they have a very small difference and can be related with strongly typed and weakly typed languages. A strongly typed language doesn't allow you to use one type as another eg. C and C++ ...whereas weakly typed languages allow eg.python