Jim Cramer on Thursday called for the federal government to immediately print $500 billion to address the coronavirus outbreak, and suspend all taxation during the crisis.

"Everyone owes the government at all time. Everyone in this country, individuals, corporations. That has to be suspend right now so they have more money," he said.

"Are these radical actions? You bet they are," Cramer added. "This is the time for radical action and the action can be done by the federal government."

"They know nothing," the CNBC host began to rant, referring to the government's response to the crisis, " there are no signs anyone in government understands problem."

"We know more than they do, and that's not acceptable either," he added.

Cramer also recommended that companies tap their credit revolvers and that there should be no stigma attached to it when they do so.