Ideally, it would be like Common Lisp in that it has interpretation and compilation both built in from the start. ANSI Common Lisp described it as having "the whole language there all the time": you can compile code at runtime, or run code at compile time (which allows for lots of metaprogramming).
When you want fast iterative development, you want interpreted code. In production (and especially on resource-constrained devices), you want code to run as fast and memory-efficiently as possible, so you want it compiled. The ideal language would make it effortless to transition between the two as needed.
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Ideally, it would be like Common Lisp in that it has interpretation and compilation both built in from the start. ANSI Common Lisp described it as having "the whole language there all the time": you can compile code at runtime, or run code at compile time (which allows for lots of metaprogramming).
When you want fast iterative development, you want interpreted code. In production (and especially on resource-constrained devices), you want code to run as fast and memory-efficiently as possible, so you want it compiled. The ideal language would make it effortless to transition between the two as needed.